Jefferies raised its price target on Nvidia Corp. (NASDAQ:NVDA) shares to $300 from $275, maintaining a Buy rating. The chipmaker trades at a P/E ratio of 45.42 with a PEG ratio of 0.67.
The firm highlighted a $20 billion opportunity in CPU and server revenue by fiscal 2027. Further details are expected at Computex.
Nvidia's Hyperscale business segment grew 191% year-over-year after adjusting for $4.6 billion in China revenue realized in Q1 2025.
The company raised total inventory purchase commitments and prepaids to $145 billion. A significant portion ties to memory purchase agreements through fiscal 2027.
Nvidia's board authorized an additional $80 billion in share repurchases on top of $39 billion remaining and raised the quarterly dividend to $0.25 per share.
