New Bullish Price Target For Nvidia

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New Bullish Price Target For Nvidia

Hsbc Sets New Bullish Price Target For Nvidia

It seems that Nvidia (NVDA) is still not done with the upside, at least according to the HSBC analysis. According to analysts from HSBC, there's still a lot of potential for upside for chip manufacturers.

The reason behind this new price target is that Nvidia (NVDA) still holds pricing power when it comes to the NVL server racks in the 2026 fiscal year.

Nvidia (Nvda) Stock Price To Touch $1350

They added that Nvidia is in a strong position to capture the bulk of the market with its prices of the GB200 and the NVL72/36 server rack system. As a result, the company is in a strong position to secure upside during FY26.

Given the conditions ahead, HSBC has set a new price target for Nvidia (NVDA) to around $1350. Earlier, they had set a price target of nearly $1050 for Nvidia (NVDA) stock.

Earlier, HSBC commented on how the AI product roadmap of Nvidia (2025) will give the company a major pricing advantage. After all, the average selling price of GB200 is $60K - $70K, while the B100 GPU goes for $30K - $35K.

HSBC analysts also added that Nvidia (NVDA) is in a strong position to achieve $196 billion in revenue during the financial year 2026.

The HSBC's forecast for Nvidia (NVDA) is based on the fact the company's ASP is higher than the completion, which means they can earn more money.

The Nvidia (NVDA) is also expected in the Q1 2025 (fiscal) results in a few days. According to most experts, the company will likely report a sales figure of $26 billion. If this happens, it will be higher than the $24 billion guidance set by the company and even the $24.5 billion forecast.

For now, the Nvidia (NVDA) stock price is around $902, as it is trading just above the $900 support zone. The HSBC's forecast looks good on paper, but the stock will have a hard time breaking the round figure of $1000.

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