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

October 24, 2016 7:49 AM EDT
Get Alerts NVDA Hot Sheet
Price: $104.01 -1.09%

Rating Summary:
    24 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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