Wedbush Starts NVIDIA (NVDA) at Outperform; When Macro Headwinds Dissipate, Poised to Benefit from Multiple Product Cycles
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Price: $225.16 -0.06%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on NVIDIA (NASDAQ: NVDA) with an Outperform (from Neutral). PT $18.00 (from $22).
Wedbush analyst says, "We believe NVIDIA’s transformation to a leading provider of solutions for the mobile and computing market remains in the early innings. We think when the headwinds from the uncertain macro environment dissipate, NVDIA is poised to benefit from (1) ramp of Tegra 2 and design win momentum for Tegra 3 and (2) stable GPU attach rates and market share trends. With strong product cycles ahead, an impressive gross margin and operating margin profile, healthy balance sheet, and robust generation of CFFO, we assume coverage of NVIDIA with an OP rating...We recommend investors with a higher risk/reward tolerance take advantage of pullbacks to buy the stock."
For more ratings news on NVIDIA click here and for the rating history of NVIDIA click here.
Shares of NVIDIA closed at $14.21 yesterday.
Wedbush analyst says, "We believe NVIDIA’s transformation to a leading provider of solutions for the mobile and computing market remains in the early innings. We think when the headwinds from the uncertain macro environment dissipate, NVDIA is poised to benefit from (1) ramp of Tegra 2 and design win momentum for Tegra 3 and (2) stable GPU attach rates and market share trends. With strong product cycles ahead, an impressive gross margin and operating margin profile, healthy balance sheet, and robust generation of CFFO, we assume coverage of NVIDIA with an OP rating...We recommend investors with a higher risk/reward tolerance take advantage of pullbacks to buy the stock."
For more ratings news on NVIDIA click here and for the rating history of NVIDIA click here.
Shares of NVIDIA closed at $14.21 yesterday.
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