Citigroup remains bullish on NVIDIA Corporation (NVDA.US), expecting an increase in gross profit margin.

NVIDIA Corporation (NVDA.US) is still one of the most sought-after American semiconductor stocks. Citigroup analysts have raised the target price of NVIDIA Corporation from $150 to $180 and maintained a "buy" rating. NVIDIA Corporation's first-quarter performance, as previously announced, met expectations. The company expects second-quarter revenue to be $45 billion, about $1 billion higher than Citigroup's expectations. Strong performance and guidance indicate that the company has effectively dealt with the challenges of the US restrictions on chip exports. NVIDIA Corporation's Blackwell product line generated $24 billion in sales, exceeding the expected $20 billion. The company's management also confirmed its goal to achieve a gross profit margin of around 75% later this year, demonstrating confidence in Blackwell's profitability. Citigroup also adjusted its earnings forecasts for NVIDIA Corporation. Earnings per share for fiscal year 2026 are expected to be in line with previous expectations, an increase of 9% for fiscal year 2027, and an increase of 5% for fiscal year 2028. These changes reflect expectations of higher gross profit margins. Tipranks data shows that, overall, Wall Street analysts rate NVIDIA Corporation as a "strong buy" with an average target price of $173.19, a 20% increase from the current stock price. As of Tuesday's closing of the US stock market, NVIDIA Corporation fell 0.4% to $144.12.