HSBC downgrades Nvidia to Hold and cuts price target to $170
HSBC analyst Frank Lee lowered Nvidia’s rating to Hold and reduced the price target to $170, down from roughly $365‑$370. The downgrade follows CEO Jensen Huang’s resignation and the appointment of CFO Colette Kress as interim chief. HSBC projects fiscal 2028 EPS of $15.65, but warns a 13% drop to $13.57 if export restrictions hit the roughly 11% of revenue earned outside the U.S. and Taiwan.
Why it matters
HSBC’s target sits only slightly above the current share price, limiting upside for investors unless the leadership transition stabilises and demand remains strong (HSBC note,). The downgrade also signals heightened risk perception, which could pressure the stock further.
Key facts
- 1HSBC reduced its price target for Nvidia to $170, down from about $365‑$370. 247wallst.com
- 2HSBC changed its rating on Nvidia to Hold from Buy. 247wallst.com
- 3CEO Jensen Huang resigned and CFO Colette Kress was named interim CEO. 247wallst.com
- 4HSBC’s base‑case forecast for fiscal 2028 earnings per share is $15.65. 247wallst.com
- 5In HSBC’s bear case, EPS would fall to $13.57, a 13% decline. 247wallst.com
- 6Nvidia reported quarterly revenue of $96.22 billion, up 105.8% year‑over‑year. 247wallst.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.