NVIDIA (NVDA) PT Raised to $80 at Nomura

November 11, 2016 8:51 AM EST
Get Alerts NVDA Hot Sheet
Price: $102.95 +1.82%

Rating Summary:
    24 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Nomura Securities analyst Romit Shah reiterated a Buy rating and boosted his price target on NVIDIA (NASDAQ: NVDA) to $80.00 (from $62.50) following strong results.

Shah commented, "Nvidia reported yet another beat and raise that was materially higher than our estimates and consensus. We believe shares will continue to trade at a substantial premium as revisions move higher, potentially into the first half of CY17."

FY16E EPS from $2.05 to $2.57; FY17E EPS from $2.24 to $2.71.

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 $67.77 yesterday.

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