The firm maintains a $265 price target and projects over $1 trillion in cumulative revenues from Nvidia’s AI platforms by 2027.
Oppenheimer reiterated its Outperform rating on Nvidia NVDA with a $265 price target, citing strong fundamentals ahead of its August 26 earnings report. The stock trades at a P/E of 33.64 and has delivered 71% revenue growth over the past year, with a market cap of $5.31 trillion and a 74% gross profit margin.
Nvidia guided for $91 billion in Q2 revenue, slightly below Wall Street’s $91.9 billion estimate, while targeting a 75% gross margin. The firm’s outlook excludes China data center compute revenue. Oppenheimer expects Nvidia to exceed Q2 estimates and provide a robust Q3 outlook.
The firm projects over $1 trillion in cumulative revenues from NVDA’s GB200, GB300, and VR200 platforms between 2025 and 2027, reflecting hyperscaler and AI developer spending commitments.