Kaufman Bros. Reiterates a 'Buy' on NVIDIA (NVDA); Guiding F2013 Above Street; CEO Confident in End Market Trends

Kaufman Bros. reiterates a 'Buy' on NVIDIA (NASDAQ: NVDA) price target of $18.00.

Kaufman analyst says, "Yesterday at a competitor's investor conference, NVIDIA issued full-year financial guidance for its fiscal 2013 (ended Jan 2013). The company expects revenue to be in the range of $4.7B-$5.0B, which compares to our estimates of $4.54B and consensus of $4.45B. We believe the bullish outlook is in line with our thesis that NVDA will be a prime beneficiary of the convergence in mobility and computing, and the increasing focus on power efficient processing given its core competencies in Visual and Parallel Computing."

For more ratings news on NVIDIA click here and for the rating history of NVIDIA click here.

Shares of NVIDIA closed at $13.18 yesterday.

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