Nvidia: New Upside Catalysts Emerge And Why I'm Raising My Target

Mike Zaccardi, CFA, CMT 9.68K Followers Follow Summary NVIDIA is reiterated as a buy, with a raised price target, following a robust Q2 and a bullish FY2028 outlook. NVDA trades at a compelling 14.7x out-year earnings, supported by 70% projected FY28 revenue growth and strong gross margins. The $12.9B Hugging Face acquisition is seen as a strategic move to embed NVDA in the open-source AI ecosystem and drive compute demand. Technicals remain bullish, with NVDA closing at all-time highs and a constructive setup for further upside into year-end. Robert Way/iStock Editorial via Getty Images NVIDIA ( NVDA ) shares now trade under 15 times out-year estimates. More than halfway through its fiscal 2027, CEO Jensen Huang and team raised the FY 2028 bar following Q2 results put out late last This article was written by Mike Zaccardi, CFA, CMT 9.68K Followers Follow Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. My thing is communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.