NVIDIA (NVDA) Revenue Shortfall Is Temporary, Buy The Dip - Suntrust

SunTrust Robinson Humphrey analyst, William Stein, reiterated his Buy on NVIDIA (NASDAQ: NVDA) and cut his price target to $187 from $237 but suggests longer term investors could buy the dip.

The analyst stated "The stock's ~14% sell-off suggests a permanent revenue impairment, but we believe structural growth drivers (server acceleration for AI, e-sports, & autonomous driving) are more likely paused than impaired".

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 $137.00 yesterday.

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