09:25 AM EDT, 08/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our target price to $206 from $196, on P/E of 29x our CY 27 EPS view. We raise our FY 26 (Jan.) EPS estimate to $4.38 from $4.23, FY 27 to $6.03 from $5.50, and FY 28 to $7.09 from $6.54. Ahead of FQ2 results on August 27, we see sales of $46B (53% Y/Y, 4.5% Q/Q) and EPS of $1.01. We expect all eyes to be on Blackwell/Data Center sales, the China outlook following recent approval (but with a 15% tax impact), and potential margin expansion (we see 72% in FQ2 and 73.5% for FQ3). Blackwell Ultra will ramp up in the coming months while the spending run rate from major CSPs (about half of data center sales) continues to grow and the customer base expands. On China, we see minimal revenue in FQ3 (H20 security concerns/production halts) but of greater importance will be comments about a potential Blackwell China release (B30) and comments about the trajectory of China demand in CY 26. For FQ3, we look for sequential revenue growth to accelerate to 14% (sales of about $53B or about 50% Y/Y) and EPS of $1.19.