Canaccord Genuity Remains at a 'Hold' on NVIDIA (NVDA); Raises EPS Estimates
Tweet Send to a FriendGet Alerts NVDA Hot Sheet
Price: $14.49 +0.98%
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
10 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade NVDA Now!
Canaccord Genuity maintains a 'Hold' on NVIDIA (NASDAQ: NVDA) price target of $13.00.
Analyst, Bobby Burleson, said, "We remain HOLD rated on NVDA following its analyst day, based on sell-through concerns for Tegra smartphones and tablets, and slowing PC demand. Near-term checks show upside for Tegra and healthy GPU momentum versus AMD, while NVDA's GPU offerings and roadmap remain highly competitive based on analyst day presentations."
"We are revising our estimates and reiterating our price target - Revenue: CQ2/12E (FQ2 '13) remains $1020 million; C2012E (Jan '13) remains $4.225 billion; C2013E (Jan '14) remains $4.59 billion...EPS: CQ2/12 (FQ2 '13) remains $0.14; C2012 (Jan '13) goes from $0.71 to $0.74; C2013 (Jan '14) goes from $0.97 to $1.05."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $12.11 yesterday, with a 52 week range of $11.47-$20.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Bobby Burleson, said, "We remain HOLD rated on NVDA following its analyst day, based on sell-through concerns for Tegra smartphones and tablets, and slowing PC demand. Near-term checks show upside for Tegra and healthy GPU momentum versus AMD, while NVDA's GPU offerings and roadmap remain highly competitive based on analyst day presentations."
"We are revising our estimates and reiterating our price target - Revenue: CQ2/12E (FQ2 '13) remains $1020 million; C2012E (Jan '13) remains $4.225 billion; C2013E (Jan '14) remains $4.59 billion...EPS: CQ2/12 (FQ2 '13) remains $0.14; C2012 (Jan '13) goes from $0.71 to $0.74; C2013 (Jan '14) goes from $0.97 to $1.05."
For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.
Shares of NVIDIA closed at $12.11 yesterday, with a 52 week range of $11.47-$20.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Terex (TEX) Suffers from Weakness in Europe; Read-Through For Manitowoc (MTW)
- Price Stability for Micron (MU) Means a Higher Stock Price - Jefferies
- UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View
Login with Facebook
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!
