Bank of America analyst Vivek Arya has reaffirmed his Buy rating on Nvidia with a $350 price target, implying 56-61% upside from the stock’s current trading range of $219 to $224. He projects fiscal Q2 FY2027 revenue of $94-95 billion, exceeding Nvidia’s own guidance of $91 billion. For Q3, Arya expects $107-108 billion in revenue, topping Wall Street’s consensus of approximately $104 billion. The stock is trading at roughly 16 times forward earnings, its lowest multiple in about 10 years. Nvidia’s next earnings report on August 26, 2026 will be the key test of whether the company can meet these expectations.
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