Broker Name: iFAST Research Team
Date of Report: 10 March 2026
Excerpt from iFAST Research Team report.
Report Summary
Stock: NVIDIA Corp (NASDAQ: NVDA)
Action: Neutral
Target Price: \$220
Highlights & Key Insights:
- Nvidia posted explosive Q4 FY26 growth with revenue of \$68.1B (+73% y/y), mainly driven by AI/Data Centre demand. However, the share price has remained flat due to high investor expectations and rotation into adjacent AI stocks.
- Despite record-breaking quarters, supply constraints (notably TSMC CoWoS packaging) and rising input costs limit Nvidia’s ability to consistently deliver upside surprises.
- Gross margin remains strong at about 75%, but upward pressure from memory and packaging costs and increased price competition could weigh on future margins.
- Management guides for Q1 FY27 revenue of \$78B, driven by Blackwell architecture and a shift to inference workloads in AI. Guidance assumes zero China Data Centre compute sales due to export controls, creating potential asymmetric upside if restrictions ease.
- Valuation is set at 28x FY28 EPS of \$8.00, resulting in a target price of \$220. The Neutral stance reflects fully priced-in perfection and the risk of limited surprises versus downside if execution stumbles.
- Investors are advised to maintain core long-term holdings to benefit from AI secular trends, but avoid overexposure or momentum chasing at current levels.
Call to Action: Maintain core holdings, Neutral stance, Target Price \$220. Avoid chasing at current valuations.
above is an excerpt from a report by iFAST Research Team. Clients of iFAST Research Team can be the first to access the full report from the iFAST website : https://secure.fundsupermart.com
