Notes From NVIDIA (NVDA) Bus Tour Meeting - RBC

August 31, 2016 6:39 AM EDT
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Price: $70.64 -0.06%

Rating Summary:
    21 Buy, 19 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
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RBC Capital analyst Mitch Steves, reiterated his Outperform rating on shares of NVIDIA (NASDAQ: NVDA) after hosting a group investor meeting with Jeff Fisher (Head of Gaming) and Arnab Chanda (Investor Relations).

Important data points included: 1) NVDA believes a ~$200–300 VR price point would help inflect game development and adoption; 2) HMD units could see an inflection in growth exiting 2017; 3) the quality VR experience can be improved materially over the next several years, allowing ASPs to be stable; 4) NVDA reiterated its original 12-month target for an autonomous vehicle built with Drive PX (~8–9 months out from today); and 5) the analyst remained positive on Data Center growth driven by GPU sales.

No change to the price target of $72.

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 $61.63 yesterday.

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