Nvidia Stock Falls as Citi Trims Price Target Ahead of Earnings Nauman Khan Tue, November 10, 2026 at 12:30 PM EST 1 min read NVDA -6.41% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NASDAQ:NVDA) shares fell about 3% in Tuesday morning trading after Citi lowered its price target on the chipmaker, citing several issues investors are likely to focus on.
Analyst Atif Malik kept a Buy rating but cut his target to $285 from $315. He said he expects a modest earnings-per-share beat on results and guidance, with higher sales offset by lower gross margins tied to rising high-bandwidth memory prices.
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Malik said Nvidia will likely reiterate its prior outlook for 70% year-over-year revenue growth in fiscal 2028. He identified four topics likely to dominate investor questions.
Those include order visibility and backlog conversion for 2028, especially among neocloud customers, which are smaller cloud providers focused on AI workloads. Supply constraints, the ramp of the Rubin platform, and the investigation involving CEO Jensen Huang also remain in focus.
The note suggests Wall Street still sees room for upside in Nvidia despite near-term pressure. The lowered target may reflect softer margin assumptions rather than a change in the longer-term demand picture.
Nvidia is scheduled to report its Q3 fiscal 2027 financial results on November 17, 2026.
