On May 29, Oppenheimer analyst Rick Schafer reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and set a price target of $175.00. The rating update came after NVDA announced solid Q1 2026 results on May 28, with revenue undergoing 69% growth from a year ago and 12% from fiscal Q4 2025, reaching $44.1 billion.
NVIDIA Corporation’s data center revenue came up to $39.1 billion, up 73% compared to last year and up 10% from fiscal Q4 2025.
On April 9, the US government imposed a license requirement on NVIDIA Corporation for the export of its H20 products into the Chinese market, which resulted in the company incurring a $4.5 billion charge in fiscal Q1 2026. The charge was related to H20 excess inventory and purchase obligations that appeared with diminishing demand for H20.
However, Schafer expressed confidence that the US export restrictions would only have a limited impact on the company’s operations. He supported this confidence by the recovery in GB200 rack-scale production and a strong ramp-up of Blackwell 200/300 units, which is anticipated to reach or exceed 40,000 units this year.
The analyst also anticipates NVIDIA Corporation’s next-quarter guidance to be approximately in-line with Street projections.
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