HSBC Boosts Nvidia Price Target to $1,050, Cites Potential of B Series GPU and GB200 Innovation

HSBC has increased Nvidia’s price target to $1,050 from $880, emphasizing the company’s ability to capitalize on increased average selling prices (ASPs) with its B series GPU and the groundbreaking GB200 product, which integrates CPU and GPU technologies.

As a result, HSBC has elevated its fiscal year 2026 earnings per share (EPS) estimate by 18% to $35.30. This adjustment mirrors the anticipation of heightened ASPs and increased revenue from emerging markets, such as software.

The $1,050 price target is calculated by multiplying the estimated FY’26 EPS of $35.30 by a price-to-earnings (PE) ratio of 30x.

According to HSBC’s analysis, there is a projected 4% to 11% potential increase in FY’26 sales and earnings, forecasting an EPS range of $36.58 to $39.15. This assessment values NVIDIA’s stock in the range of $1,097 to $1,175.

There is considerable anticipation surrounding the GB200 AI platform, which is expected to be unveiled at next week’s NVIDIA GTC conference.

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