NVIDIA (NVDA): Data Center, Gaming and Autos Delivered - Mizuho
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Mizuho Securities analyst, Vijay Rakesh, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) and raised his price target to $66 from $60 after the company reported a solid July quarter and guided to a much stronger than consensus September quarter.
The company noted strength coming from Pascal gaming GPUs and Quadro workstation graphics driving graphics revenue up 11% q/q. Also, data center was up another 6% q/q with GPU acceleration, while Auto was up 5% q/q. The company sees all segments growing into OctQ.
The PT goes to $66 from $60 based on ~36.5x F18E EPS.
Shares of NVIDIA closed at $59.70 yesterday.
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