NVIDIA projects $78 billion in revenue for Q1 FY2027 despite excluding China data center sales, analysts see 36% upside.
NVIDIA (NASDAQ:NVDA) trades at 17x forward earnings while posting 65% year-over-year revenue growth, a discount compared to its growth trajectory. The company’s Q1 FY2027 guidance excludes all China data center compute revenue yet still forecasts $78 billion in revenue, underscoring strong non-China demand.
Analysts maintain a consensus price target of $305.94, representing a 36% premium over current levels, with 51 Buy ratings. NVIDIA’s $96.58 billion in annual free cash flow further supports its valuation case, contrasting with broader market multiples.
BlackRock CEO Larry Fink’s prediction of oil prices potentially falling to $40 a barrel could accelerate a sector rotation from energy into high-growth tech, benefiting firms like NVIDIA in H2 2026 if geopolitical tensions ease.