Nvidia Stock Price Target Hsbc

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Nvidia Stock Price Target Hsbc

Nvidia (Nvda) Stock Will Touch $320

HSBC has set one of the highest price targets for the Nvidia (NVDA) share. According to them, the Nvidia (NVDA) stock price is likely to touch $320!

quick look at Nvidia (NVDA) stock shows it has gone up by 35% this year. Now, that's a very good return considering Nvidia (NVDA) is a blue-chip stock.

Demand For Ai Chips Will Increase

But now, HSBC believes that Nvidia (NVDA) can easily reach the $320 target in the medium term. This comes at a time when the last price target for Nvidia (NVDA) was $200. But now, they have set such a high target that it almost feels impossible.

As per HSBC's research note, the demand for Nvidia's AI GPUs will keep increasing. According to them, emerging AI players such as CoreWeave and OpenAI will also have to go to Nvidia for the chips.

They also forecast an increase in the demand for data centers in FY27. They are estimating it to be around $351 billion, which is a lot higher than the $253 billion forecast from FactSet.

HSBC has also changed its rating for the Nvidia (NVDA) stock from Hold to Buy. This is a sign that they are now totally bullish on this Nasdaq-listed stock.

quick look at price targets from other analysts and banks shows that HSBC's target is actually very high. The Nvidia (NVDA) is currently trading near the $160-$180 handle, which means HSBC is forecasting an upside of almost 80%.

If we look around, some analysts believe that the next price target for Nvidia (NVDA) is now $250. Now, that's a more reasonable target, which is based on the estimate that earnings will grow 50% in this financial year.

Also, the data center revenues for FY27 from HSBC are way off the charts. But once again, anything can happen given how fast the AI market is growing.

The bottom line is that HSBC has set a very bullish target for Nvidia (NVDA) stock. Given the stock's history, we can't totally rule out the possibility that it might reach the price target.

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