RBC Capital Upgrades NVIDIA (NVDA) to Outperform Following Blowout Quarter
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August 12, 2016 10:09 AM EDT
Canaccord Genuity analyst Matthew Ramsay reiterated a Buy rating and raised his price target on NVIDIA (NASDAQ: NVDA) to $70.00 (from $67.50).
Ramsay commented, "NVIDIA's record July quarter results soundly beat our expectations and consensus, primarily driven by strong Pascal GPU demand and rapid growth in deep learning datacenter GPU sales to key customers including... More
August 12, 2016 8:51 AM EDT
UBS analyst Stephen Chin reiterated a Buy rating and lifted his price target on NVIDIA (NASDAQ: NVDA) to $71.00 (from $53.00) following another strong quarter with accelerating trends.
Chin commented, "We reiterate our Buy rating as we remain comfortable NVDA can grow sales over 10% yoy from new... More
August 12, 2016 6:50 AM EDT
Jefferies analyst Mark Lipacis reiterated a Buy rating and lifted his price target on NVIDIA (NASDAQ: NVDA) to $73.00 (from $69.00) following strong results.
Lipacis commented, "As we previewed, NVDA's JulQ results and OctQ outlook surprised to the upside on the strong launch of... More
August 11, 2016 4:21 PM EDT
NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $0.53, $0.16 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.35 billion.
NVIDIA's outlook for the third quarter of fiscal 2017 is as follows:
Revenue is...
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