Citi Sees 34% 2H26 Sales Growth, Upgrades Nvidia to Buy
Citi analysts upgraded Nvidia to Buy and forecast $67 billion in January-quarter sales and $73 billion in April-quarter revenue, exceeding consensus by $1.4 billion each. They predict a 34% sales increase in calendar 2H26, gross margins near 75% for fiscal 2027, and reiterated a $270 price target.
1. Upgrade and Sales Projections
Citi analysts upgraded Nvidia to a Buy rating and project January-quarter sales of $67 billion and April-quarter revenue of $73 billion, surpassing consensus estimates by $1.4 billion each.
2. Platform Expansion and 2H26 Growth
Citi forecasts Nvidia's B300 and Rubin platforms will drive a 34% increase in calendar-second-half-2026 sales, up from 27% growth in the first half of the year.
3. Margin and Expense Outlook
The bank expects fiscal-2027 gross margins near 75% and operating expenses to rise roughly 30%, while maintaining a $270 price target on Nvidia stock.