Cantor Fitzgerald Downgrades NVIDIA (NVDA) to Hold; More Cautious Going Forward
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Price: $14.77 -1.01%
Rating Summary:
10 Buy, 21 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
10 Buy, 21 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade NVDA Now!
Cantor Fitzgerald downgraded NVIDIA (NASDAQ: NVDA) from Buy to Hold with a price target of $13.50 (from $20.00).
Analyst, Dale R. Pfau, said, "We remind investors that approximately 80% of Nvidia revenues are tied to sectors of the PC and computer ecosystem. While Nvidia continues to do well in these segments, we expect little to no growth over the next several years...The remaining 20% of revenues (Consumer Products) are coming primarily from sales of GPUs (Tegra and others) into the non-Apple tablet market and to a lesser extent into the handset market. In our opinion, Nvidia's success in the tablet market is already reflected in the share price."
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 $13.73 yesterday, with a 52 week range of $11.47-$16.90.
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Analyst, Dale R. Pfau, said, "We remind investors that approximately 80% of Nvidia revenues are tied to sectors of the PC and computer ecosystem. While Nvidia continues to do well in these segments, we expect little to no growth over the next several years...The remaining 20% of revenues (Consumer Products) are coming primarily from sales of GPUs (Tegra and others) into the non-Apple tablet market and to a lesser extent into the handset market. In our opinion, Nvidia's success in the tablet market is already reflected in the share price."
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 $13.73 yesterday, with a 52 week range of $11.47-$16.90.
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