AmTech Reaffirms Buy Rating and $26 PT on NVIDIA (NVDA)
More News related to NVDA
- NVIDIA Brings a New Dimension to PC Gaming With NVIDIA 3DTV Play for the Big Screen
- Epic Brings NVIDIA 3D Vision Support to Unreal Engine 3
- NVIDIA Tesla GPUs Help TechniScan Deliver Timely Breast Imaging Diagnostics
- Needham & Company Reiterates a 'Strong Buy' on NVIDIA Corporation (NVDA)
- Rambus (RMBS) Shares Higher on Mixed Patent Ruling (NVDA)
More News related to Analyst Comments
- General Electric (GE): A Momentum Play?
- Study Shows Record $65 billion Spent by U.S. Biopharmaceutical Companies in R&D
- UBS Sees Continued Momentum for Ford (F), Ups Price Target
- Street Undervaluing eBay's 'Return to Earnings Growth in 2010'; Piper Sees Stock at $35 in a Year (EBAY)
- UBS Maintains a 'Buy' on Validus Holdings (VR); Cuts PT & Estimates After Losses Mount From Natural Disasters
American Technology Research maintains a Buy rating and $26 price target on NVIDIA Corp. (Nasdaq: NVDA).
Following NVIDIA's upbeat analyst conference yesterday, AmTech is out with a note insisting that Wall Street is inaccurately discounting a changing PC graphic landscape. The firm says, "Although landscape changes are underway in graphics and heterogeneous computing, NVDA's driving position will become more apparent in 12-18 months."
On a valuation basis, AmTech notes that NVIDIA is currently trading near a trough. The firm's $26 price target is based on 19x its forward 12-month EPS estimate of $1.44, which compares to NVIDIA's historic trading range of 17x to 27x.
With shares of NVIDIA trading around $19, AmTech's price target represents a possible 35% stock price appreciation from current levels.
NVIDIA Corporation provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices in the United States and internationally. [BCS]
Related Categories
Analyst CommentsStocks Mentioned
+0.56Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
