NVIDIA (NVDA) PT Raised to $95 at Jefferies

November 11, 2016 6:44 AM EST
Get Alerts NVDA Hot Sheet
Price: $104.01 --0%

Rating Summary:
    24 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
Trade NVDA Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Jefferies analyst Mark Lipacis reiterated a Buy rating and lifted its price target on NVIDIA (NASDAQ: NVDA) to $95.00 (from $80.00) following blow-out results.

commented, "OctQ revs/EPS of $2 billion/$0.83 beat consensus by 19% and $0.27, implying an upward bias of ~$1 on consensus FY18 EPS, and reinforcing our thesis that NVDA is a play on 4 secular trends. Its core business, Gaming (62% of sales), grew by 63% YY, but we think its Datacenter (up 193%YY) and Auto (up 61% YY) businesses, now 18% of total, are in nascent growth stages and will continue to drive upside surprises. We estimate $5 of EPS power in 3-yrs."

The firm raised Q4 EPS from $0.51 to $0.81, FY 2017 EPS from $1.80 to $2.40 and FY 2018 EPS from $1.85 to $2.47.

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.

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

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment