Nvidia Stock Gets Boost from Benchmark Ahead of Earnings Report
Nvidia Corporation's upcoming earnings report has garnered significant attention from analysts and investors. Benchmark, a prominent research firm, has reiterated its Buy rating on Nvidia stock with a price target of $335.00 ahead of the company's fiscal second-quarter 2027 earnings report.
The semiconductor giant currently trades at a P/E ratio of 33 with a PEG ratio of just 0.3, indicating attractive valuation relative to its growth prospects. Benchmark raised its revenue forecast for the July quarter to $92.000 billion from a prior estimate, with earnings per share projected at $2.10.
The firm also increased its fiscal third-quarter 2027 estimates to $103.957 billion in revenue and $2.37 in earnings per share, up from prior projections of $101.747 billion and $2.31 per share. This update aligns with the consensus estimate of $104.031 billion in revenue and $2.36 in earnings per share.
Benchmark cited positive company commentary during the quarter, broad artificial intelligence peer and customer capital expenditure signals, and a conservative early China contribution as reasons for the raised estimates.