NVIDIA (NVDA) Estimates Cut by UBS on Gaming Inventory Headwinds
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Get Alerts NVDA Hot Sheet
Price: $204.64 -4.22%
Rating Summary:
60 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
60 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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UBS analyst Timothy Arcuri maintains Neutral on NVIDIA (NASDAQ: NVDA) price target of $190.00.
The analyst sees ongoing gaming inventory headwinds pressuring the company and lowers his 2019 EPS estimate to $6.62 (from $7.48). He believes consensus estimates are roughly 5-10% too high for each of the next three quarters.
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 $146.50 yesterday.
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