Nvidia (NVDA.US) lowered its forecast for asset impairment due to export restrictions to US$4.5 billion, compared to an earlier forecast of US$5.5 billion, and guided the impact on revenues to US$2.5 billion/ US$8 billion in 1FQ26/ 2FQ26 each, BOCOMI released a research report saying.

Although the market has lower expectations for China after the results, BOCOMI saw a higher probability of beating expectations, and raised its 2025/ 2026 revenue forecasts to US$210.2 billion/ US$267.4 billion, and its non-GAAP EPS forecasts to US$4.65/ US$6.31, respectively.

Based on the 32x 2025/ 2026 average PE ratio, the broker lifted its target price to US$175, with rating kept at Buy.
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AAStocks Financial News
Website: www.aastocks.com

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