英伟达 - 2026 年销售加速；目标价上调至 270 美元；维持买入评级

Ac t i o n | 20 Nov 2025 02:46:50 ET │ 19 pages NVIDIA Corp (NVDA.O) Estimate Changes — We revise FY27/FY28 sales by 19%/26% reflecting what we now expect to be a re-accelerated DC sales backed by better-than expected Blackwell and Rubin demand visibility. Though pushing down our FY27E/FY28E non-GAAP GM estimates to 75%/75.3% from prior 76%/76.1% respectively, our FY27/28 EPS estimates go up by 12%/19% to $8.10 and $10.08, respectively. We raise our TP to $270 on consistent 30x P/E times revised CY27 EPS po ...