Nvidia(US:NVDA) BOCOM International·2025-04-23 11:02Investment Rating - The investment rating for the company is "Buy" [1][4][10] Core Views - The report indicates that the impact of export controls on the company is greater than expected, leading to a downward revision of earnings forecasts and target price [4] - Despite the challenges, the company remains a core player in the artificial intelligence sector, with a maintained "Buy" rating [4] Financial Forecast Changes - Revenue forecasts for FY26 and FY27 have been revised down to $200.1 billion and $256.5 billion, respectively, from previous estimates of $211.7 billion and $270.5 billion, reflecting a decrease of 5% [4] - Non-GAAP diluted EPS estimates have been adjusted to $4.34 and $5.78 for FY26 and FY27, down from $4.74 and $6.28, indicating an 8% reduction [4] - The target price has been lowered from $168 to $152, corresponding to a 30x average P/E ratio for FY26/27 [4] Financial Data Summary - The company's market capitalization is approximately $2,412.9 million [3] - The stock has a 52-week high of $149.43 and a low of $79.68 [3] - Year-to-date stock performance shows a decline of 26.36% [3] - The average daily trading volume is 232.8 million shares [3] Profitability Metrics - Gross profit margin is projected to decrease slightly, with estimates of 72.6% for FY26, down from 74.1% [4] - Operating profit margin is expected to decline to 65.4% for FY26, compared to 67.4% previously [4] - Net profit margin is forecasted to be 53.8% for FY26, down from 55.5% [4]