NVIDIA (NVDA): Datacenter Drives Another Beat; $300 PT - Goldman Sachs

February 9, 2018 7:04 AM

Goldman Sachs analyst, Toshiya Hari, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) and raised his price target to $300 from $281 after the company delivered its 10th consecutive beat and raise quarter with FY4Q revenue and EPS exceeding Street expectations by 9%/29% and the company guiding FY1Q revenue and EPS 18%/45% above the Street.

The analayst stated "Datacenter, which was once again under tight investor scrutiny, did not disappoint, posting 100%+ yoy growth in the quarter. Importantly, the company called out inferencing as a contributor to growth after noting initial traction last quarter, which we view as a positive given the relative size of the opportunity (i.e. $15bn vs $11bn for training, which is driving the business today)".

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 $217.52 yesterday.

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