Notes From NVIDIA (NVDA) Bus Tour Meeting - RBC

August 31, 2016 6:39 AM EDT
Get Alerts NVDA Hot Sheet
Price: $105.09 +1.04%

Rating Summary:
    24 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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.

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.



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

You May Also Be Interested In






Related Categories

Analyst Comments, Management Comments

Related Entities

RBC Capital

Add Your Comment