Webull beats Q3 expectations as revenue jumps 55% on strong trading
Investing.com - Evercore ISI raised its price target on Nvidia (NASDAQ:NVDA) to $352 from $261 while maintaining an Outperform rating, citing reaccelerating revenue growth and improved product availability. This target sits above the current analyst consensus high target of $350, with Nvidia currently trading at a P/E ratio of 53.13 despite its impressive 71.55% revenue growth over the last twelve months.InvestingPro data shows Nvidia has 15 analysts who have recently revised their earnings upwards for the upcoming period, suggesting strong confidence in the company’s growth trajectory.
The research firm noted that Nvidia’s Blackwell compute revenue increased approximately 48% quarter-over-quarter, representing more than $13 billion in growth compared to the July quarter. Blackwell Ultra (GB200) has now crossed over GB200, contributing about two-thirds of overall Blackwell revenue, or approximately $27 billion.
Evercore ISI highlighted that supply constraints have eased, with inventory increasing 32% quarter-over-quarter and supply commitments rising 63% quarter-over-quarter. These improvements position Nvidia to meet or exceed its $500 billion target for data center compute orders in 2025-2026.
The firm’s analysis suggests Nvidia has recognized only $110 billion year-to-date (including the October quarter) of its Blackwell, Rubin compute, and networking revenue pipeline, indicating another $390 billion remains to be recognized over the next five quarters. Want deeper insights into Nvidia’s financial health? InvestingPro rates Nvidia’s overall financial health as "EXCELLENT" with particularly strong scores in profitability and growth metrics. Nvidia is among 1,400+ US equities with comprehensive Pro Research Reports available for subscribers.
Evercore ISI models Nvidia’s revenue growth accelerating from 56% in the July 2025 quarter to 79% in the July 2026 quarter, which it expects will support a premium price-to-earnings ratio, noting the stock currently trades at 25x P/E—nearly a 30% discount to its nine-year median of 35x. This perspective aligns with InvestingPro data showing Nvidia’s PEG ratio at 0.81, suggesting it may be trading at a low P/E ratio relative to near-term earnings growth despite its high absolute P/E multiple. The stock has shown strong momentum with a 38.82% price return over the past six months, though investors should note its high volatility with a beta of 2.27.
In other recent news, Nvidia reported impressive financial results for the October quarter, with revenue reaching $57 billion, surpassing consensus estimates of $55.2 billion. This represents a 62% year-over-year increase and a 22% sequential growth, primarily driven by strong performance in the data center compute and networking segments. Additionally, Nvidia has guided January quarter revenue to $65 billion, above the consensus of $61.8 billion. On the analyst front, Mizuho raised its price target for Nvidia to $245 from $235, citing the company’s strong quarterly results and guidance. Baird and Bernstein both increased their price targets to $275, attributing the changes to high demand for Nvidia’s Blackwell chips and positive developments in the AI sector, respectively. Stifel reiterated a Buy rating with a $250 price target following Nvidia’s better-than-expected earnings. Furthermore, Nvidia plans to establish its Taiwan headquarters at Beitou Shilin Technology Park, as confirmed by Taipei Mayor Chiang Wan-an. The company aims to finalize the investment agreement before the upcoming Lunar New Year.
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