Nomura Securities Reiterates Buy on NVIDIA (NVDA)
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Price: $14.92 +0.54%
Rating Summary:
10 Buy, 21 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
10 Buy, 21 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade NVDA Now!
Nomura Securities reiterated their Buy rating and $18 target on NVIDIA (NASDAQ: NVDA) following the company's strong earnings report.
Amid investor skepticism, Nvidia reiterated Tegra guidance of up 50% y/y. In addition, GPU (up 10% y/y) will outgrow PC growth in 2012 on stable attach rates and share gains, noted today’s report by Nomura.
“We believe the strong guidance reflects a great execution on Kepler GPU. Intel and AMD, in contrast, are guiding Q3 rev up 6% and down 1% q/q, respectively,” noted Sanjay Chaurasia.
Nomura raised estimates to $4.4bn/$1.01 from $4.2bn/$0.76 in CY12 and to $4.9bn/$1.25 from $4.6bn/$1.00 in CY13.
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 $14.71 yesterday, with a 52 week range of $11.47-$16.90.
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Amid investor skepticism, Nvidia reiterated Tegra guidance of up 50% y/y. In addition, GPU (up 10% y/y) will outgrow PC growth in 2012 on stable attach rates and share gains, noted today’s report by Nomura.
“We believe the strong guidance reflects a great execution on Kepler GPU. Intel and AMD, in contrast, are guiding Q3 rev up 6% and down 1% q/q, respectively,” noted Sanjay Chaurasia.
Nomura raised estimates to $4.4bn/$1.01 from $4.2bn/$0.76 in CY12 and to $4.9bn/$1.25 from $4.6bn/$1.00 in CY13.
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 $14.71 yesterday, with a 52 week range of $11.47-$16.90.
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