“Barclays updated its price target and EPS for NVIDIA (NVDA) to adjust for the company’s 10-1 stock split in a note Monday.
The 10-1 stock split that went into effect this past Friday at market close.
In addition, Barclays revised up its CY25/FY26 revenue expectations to $157.1 billion, reflecting $25 billion in incremental AI product revenue from the Sovereign AI opportunity that they believe will accelerate significantly next year.
“Net-net, this adds $0.61 in EPS on a post-split basis and takes our PT to $145, applying the same 40x P/E multiple to our new $3.62 CY25/FY26 EPS estimate,” wrote the bank.
In a note dated May 20, Barclays maintained an Overweight rating on Nvidia (NASDAQ:), saying its Asia checks pointed to NVDA DC GPU unit upside potential close to 10% in the April quarter and just over 20% in the July quarter as capacity continues to come online.
“Looking forward,…
