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HSBC Research: NVIDIA 4QFY26 Results Beat; Yet TP Cut to USD295
2026-02-27 14:12:53
HSBC Global Investment Research published a report on NVIDIA (NVDA.US), which charted sales of USD68.1 billion for 4QFY26, topping management guidance and street consensus, and aligning with the broker's forecasts.

NVIDIA's results beat, the quarterly guidance was raised, and management reaffirmed confidence in AI, but there were no new narratives, such as the expansion of the total addressable market (TAM) for AI.

The broker trimmed NVIDIA's target price from USD310 to USD295, maintaining a Buy rating, but slightly lowered its EPS estimates for FY27 and FY28 by 4% each.
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