Canaccord Genuity Reiterates a 'Hold' on NVIDIA (NVDA); Two Concerns Still Linger
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Price: $209.66 -1.59%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 20 | New: 18
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 20 | New: 18
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Canaccord Genuity reiterates a 'Hold' on NVIDIA (NASDAQ: NVDA) price target of $13.00.
Analyst, Bobby Burleson, said, "NVDA’s revenue upside (results and guidance) is being offset by lower gross margins and high opex. We remain HOLD rated as high opex is likely to linger as precondition for competing in smartphones, while a lack of Tegra catalysts beyond near term strong sell-in for HTC wins looms in the back half of the year. "
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 $13.21 yesterday.
Analyst, Bobby Burleson, said, "NVDA’s revenue upside (results and guidance) is being offset by lower gross margins and high opex. We remain HOLD rated as high opex is likely to linger as precondition for competing in smartphones, while a lack of Tegra catalysts beyond near term strong sell-in for HTC wins looms in the back half of the year. "
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 $13.21 yesterday.
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