GF Securities Raises Nvidia Price Target to $308 Before Q1 Results
GF Securities raised Nvidia’s price target to $308 from $292 ahead of fiscal first-quarter results, citing the company’s strong cash position and free cash flow to support a potential new share repurchase program. The firm increased its fiscal 2028 earnings estimate by 13% on expectations of higher Blackwell GPU shipments and pricing, partially offset by lower Rubin unit assumptions.
1. Price Target Revision
GF Securities lifted its Nvidia price target to $308 from $292 ahead of the company’s fiscal first-quarter earnings report, reflecting confidence in Nvidia’s financial resilience and growth outlook.
2. Repurchase Program Potential
Analysts pointed to Nvidia’s robust cash reserves and free cash flow as justification for a prospective share repurchase program, which could enhance shareholder value and offset dilution.
3. Fiscal 2028 Forecast Upgrade
While fiscal 2027 earnings forecasts remained largely unchanged, the firm raised its fiscal 2028 estimates by 13%, driven by expectations for stronger Blackwell data-center GPU shipments and favorable pricing, partially tempered by lower Rubin unit assumptions.