Nvidia Stock Gets a $300 Target as FY28 Growth Hits 70%
4 Articles
4 Articles
Jensen Huang's Nvidia Guided for 70% Revenue Growth in Fiscal 2028, Far Above the 44% Wall Street Expected, as Amazon Agreed to Buy 2 Million Nvidia GPUs. Is the Growth Forecast Believable?
It's rare for companies to offer guidance two years out, but Nvidia did just that.
Nvidia predicts a 70% growth in its revenue for the fiscal year ending in January 2028, with SpaceX as one of the possible drivers of demand. The euphoria contrasts with the warning of the Bank of England about a possible financial correction amplified by leverage, high ratings and concentration in the artificial intelligence sector.
Nvidia Stock Gets a $300 Target as FY28 Growth Hits 70%
Right now, the Nvidia stock price target sits at $300, and that is according to 24/7 Wall St., after Nvidia guided for around 70% revenue growth in fiscal 2028. The Nvidia stock forecast follows a strong second quarter, and revenue jumped 106% year over year to $96.22 billion, so this Nvidia stock...
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