HSBC analyst cut Nvidia stock price target, but expects Blackwell revenue to support guidance
Portfolio Pulse from
HSBC analyst Frank Lee has reduced the stock price target for Nvidia, but remains optimistic about the company's revenue from Blackwell, which is expected to support its guidance. Despite concerns about capital expenditures, Lee believes that spending by hyperscalers will continue to be strong.
February 24, 2025 | 7:45 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
HSBC analyst Frank Lee has reduced Nvidia's stock price target but expects Blackwell revenue to support guidance. Hyperscaler spending is anticipated to remain strong, alleviating capex concerns.
The reduction in Nvidia's price target by HSBC could have a neutral short-term impact as the analyst also highlights positive revenue expectations from Blackwell and strong hyperscaler spending, which may offset the negative sentiment from the price target cut.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100