NVIDIA (NVDA): Tegra Powering Next Gen Nintendo Switch - Jefferies
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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.
Shares of NVIDIA closed at $67.54 yesterday.
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