Nomura Securities maintains a 'Neutral' on NVIDIA (NVDA); Update Following Company Meeting

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

Nomura analyst, Romit Shah, says, "In this report, we discuss Nvidia’s bottom-up forecast that is driving the company’s expectation for high-teens growth in FY13. Overall, we believe Nvidia is well positioned with a visionary management team, solid balance sheet, and multiple product cycles that should drive above-average revenue growth. That said, we believe the bar is high for 2012, and will be an overhang on the stock for the remainder of this year."

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

Shares of NVIDIA closed at $14.47 yesterday.

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