NVIDIA (NVDA): Tegra Powering Next Gen Nintendo Switch - Jefferies

October 24, 2016 7:49 AM EDT
Get Alerts NVDA Hot Sheet
Price: $88.45 +0.92%

Rating Summary:
    23 Buy, 18 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade NVDA Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies analyst, Mark Lipacis, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) after Nintendo announced that it selected NVidia's Tegra processors to power the new home gaming system, Switch.

The analyst estimates this to be a $200-$320m annual opportunity for NVDA near term. However, the incremental dollars would likely be margin dilutive. That said, the analyst sees upside to sales and EPS estimates of $0.11-0.16 in 2017.

No change to the price target of $80.

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 $67.54 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Jefferies & Co

Add Your Comment