UBS Raises NVIDIA Target to $245, Forecasts $76B Q1 Revenue
UBS analyst Timothy Arcuri boosted NVIDIA’s price target to $245 from $235, highlighting positive Q4 catalysts including bullish supply chain signals and the upcoming GTC event. NVIDIA projects fiscal Q4 revenue near $67.5B, $2.5B above guidance, and guides Q1 revenue around $76B, outpacing $74–75B expectations.
1. UBS Price Target Increase
UBS analyst Timothy Arcuri raised NVIDIA’s price target from $235 to $245 while maintaining a Buy rating, citing a combination of supply chain strength and positive investor sentiment ahead of GTC.
2. Fiscal Q4 Revenue Outlook
NVIDIA now anticipates fiscal Q4 revenue around $67.5 billion, roughly $2.5 billion above its prior guidance, driven by robust data center demand and early AI deployments.
3. Fiscal Q1 Forecast
The company models fiscal Q1 revenue near $76 billion, which exceeds Wall Street expectations of $74–75 billion and suggests continued strength in GPU sales and enterprise partnerships.
4. Margin Sustainability and Competitive Landscape
Despite concerns over competitive threats from Google and Broadcom TPUs, NVIDIA expects to maintain a 75% gross margin, underscoring confidence in its cost structure and premium product positioning.