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<Research>Citi Adds Nvidia's TP to USD270, Envisions Faster Sales Growth Next Yr
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Nvidia (NVDA.US)'s stock price recently rose in after-hours trading, as the company guided that sales for the fiscal quarter ending January 2026 will reach USD65 billion, above the market expectation of USD63 billion, according to Citi's research report. With TSMC (TSM.US)'s CoWoS wafer capacity expected to grow to 1.2 million next year and Nvidia's recent agreements with Anthropic and Middle Eastern partners, Citi expects Nvidia to accelerate its breakthrough towards the USD500 billion data center sales target for 2025-26. Citi lifted its target price for Nvidia from USD220 to USD270 and kept the Buy rating in place. AAStocks Financial News |
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