Nomura Securities maintains a 'Neutral' on NVIDIA (NVDA); First Look Following Management’s Updated Financial Guidance

Nomura Securities maintains a 'Neutral' on NVIDIA (NASDAQ: NVDA) price target of $15.00.

Nomura analyst, Romit Shah, said, "Our bias is to get more constructive on Nvidia, as we believe this is a strong company with several long-term tailwinds. That said, guidance of double-digit revenue and earnings growth in 2012 seems like a high bar in this environment. We are not updating our estimates due to the ongoing macro weakness and the lack of substantial competition to Apple (Nasdaq: AAPL) from Android tablets (NVIDIA currently has 70% share of all non-Apple tablets)."

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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