NVIDIA (NVDA) PT Raised to $900 at Mizuho Securities

July 15, 2021 6:24 AM EDT
Get Alerts NVDA Hot Sheet
Price: $231.66 +1.94%

Rating Summary:
    38 Buy, 15 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 14 | New: 48
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Mizuho Securities analyst Vijay Rakesh raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $710.00) while maintaining a Buy rating.

The analyst commented, "With better than expected 2H21 PC trends and strong Gaming demand, despite cryptocurrency volatility with Bitcoin and Ethereum pricing down, we are raising NVDA estimates/PT. We would note our recent data center expert call (Link) highlighting extending lead times on V100/T4/A10/A30 with a 2H China hyperscale rebound. Nonetheless, we would be remiss not to mention the Ethereum London hard fork from ‘Proof of work’ to ‘Proof of Stake’ in August, which makes GPUs less necessary for Ethereum crypto mining which could be a headwind for NVDA, giving investors flashbacks to 2018."

The firm raised NVDA JulQ Rev/EPS from $6.31B/$4.11 to $6.34B/$4.13, OctQ from $6.57B/$4.26 to $6.58B/$4.27, F22E from $24.9B/$16.09 to $25.0B/$16.12 and F23E from $26.9B/$17.01 to $27.3B/$17.70

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities