UBS Raises Nvidia Target to $275, Forecasts $81B Q1 Revenue
NVDA•UBS raised its price target to $275 from $245 and forecasts Q1 revenue of $81 billion with Q2 guidance of $90–91 billion, underpinned by a possible $150 billion share repurchase program. Jensen Huang’s inclusion in the US-China summit in Beijing boosts hopes Nvidia secures H200 chip export approvals for Chinese AI developers.
1. UBS Raises Price Target and Updates Revenue Forecast
UBS increased its Nvidia price target to $275 from $245, citing durable demand for AI data-center chips. Analysts now forecast $81 billion in first-quarter revenue, exceeding previous guidance midpoints, and anticipate second-quarter revenue of $90–91 billion.
2. Large Share Repurchase Proposal
The bank highlighted capital returns as a catalyst, noting Nvidia could launch a share repurchase program of up to $150 billion over the next 12 months.
3. Potential Expansion of China Chip Exports
Jensen Huang’s presence at the US-China summit in Beijing has fueled optimism that US regulators will approve broader exports of Nvidia’s H200 chips to Chinese AI developers, potentially unlocking significant new markets.
