Nvidia (NVDA) is expected to see “solid growth” in its fiscal 2026, aided by new product launches, including the Blackwell computing platform, UBS Securities said in a note e-mailed Friday.
The firm increased its fiscal 2026 non-GAAP earnings outlook for the chip giant to $34.12 per share from $31.49 previously and its revenue estimate to $146.87 billion from $135.22 billion.
“Following the Blackwell launch and having attended several sessions at GTC, we believe [Nvidia] sits on the cusp of an entirely new wave of demand from global enterprises and sovereigns — with each sovereign potentially as big as a large US cloud customer,” UBS analysts, including Timothy Arcuri, said in the note.
The firm raised its price target on the Nvidia stock to $1,100 from $800, with a buy rating.
The company’s shares were up 1.8% in recent trading.