Nvidia Corporation is rated Buy with a $304 price target, implying 33% upside, based on a 19x FY2028 P/E multiple and strong growth expectations. NVDA trades at 14x FY2028 earnings, a discount to the S&P 500, with China data center revenue excluded from guidance and analyst estimates. Potential approval of the RTX PRO 5500 for China could add $6–$12 per share, but the thesis primarily hinges on the upcoming Q3 earnings and Q4 guidance.
Read on seekingalpha.com