NVIDIA (NVDA) PT Raised to $110 at Nomura/Instinet on 2Q Report; 'Core Gaming Still Slow, Datacenter Uncertain'
Nomura/Instinet raised its price target on NVIDIA (NASDAQ: NVDA) to $110.00 (from $90.00) while maintaining a Reduce rating, following the second quarter earnings results.
Analyst Romit Shah notes the company delivered second quarter earnings per share and revenue results above consensus projections on better than expected performance, despite subdued trends in core PC gaming, minimal GM leverage and decelerating revenue.