'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent
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Micron Technology (MU) PT Lowered to $50 at Nomura/Instinet
November 19, 2018 8:00 AM ESTNomura/Instinet analyst Romit Shah lowered the price target on Micron Technology (NASDAQ: MU) to $50.00 (from $65.00) while maintaining a Buy rating. Nomura/Instinet lowered 1Q19 revenue/EPS estimates from $8.1bn/$2.95 to $7.9bn/$2.78. Full-year 2019 estimates also go from $31.7bn/$11.20 to $28.9bn/$9.10.
Shah believes... More
NVIDIA (NVDA) PT Lowered to $250 at Oppenheimer
November 16, 2018 9:41 AM ESTOppenheimer analyst Rick Schafer lowered the price target on NVIDIA (NASDAQ: NVDA) to $250.00 (from $310.00) while maintaining an Outperform rating.
Schafer commented, "NVDA reported F3Q (Oct.) sales/EPS of $3.18B/$1.84, below consensus $3.24B/$1.93 estimates. More importantly, F4Q(Jan.) outlook of $2.70B significantly... More
NVIDIA (NVDA) Crypto Hangover Bites Again - KeyBanc
November 16, 2018 7:12 AM ESTKeyBanc analyst Weston Twigg reiterated a Sector Weight on NVIDIA (NASDAQ: NVDA) following results.
Twigg commented, "NVDA posted light F3Q revenue and very soft F4Q guidance, primarily due to elevated mid-range GPU inventory as the correction from soft cryptocurrency demand continues.... More
NVIDIA (NVDA) PT Lowered to $245 at Mizuho Securities
November 16, 2018 7:10 AM ESTMizuho Securities analyst Vijay Rakesh lowered the price target on NVIDIA (NASDAQ: NVDA) to $245.00 (from $295.00) while maintaining a Buy rating, saying they are buyers on weakness.
Rakesh commented, "We are Buyers on weakness. We had noted higher NVDA channel inventory pickup... More
NVIDIA (NVDA) PT Lowered to $250 at Barclays
November 16, 2018 7:09 AM ESTBarclays analyst Blayne Curtis lowered the price target on NVIDIA (NASDAQ: NVDA) to $250.00 (from $300.00) while maintaining an Overweight rating following mixed results.
Curtis said while results were certainly a setback, they will likely be better from here. He said the pullback... More
NVIDIA (NVDA) PT Lowered to $237 at SunTrust Robinson Humphrey
November 16, 2018 7:02 AM ESTSunTrust Robinson Humphrey analyst William Stein lowered the price target on NVIDIA (NASDAQ: NVDA) to $237.00 (from $316.00) while maintaining a Buy rating, saying the surprisingly weak Q4 guide appears temporary.
"NVDA guided Q4 ~20% below consensus revs as the company halts ~1/3 of gaming segment... More
NVIDIA (NVDA) PT Lowered to $260 at RBC Capital
November 16, 2018 7:01 AM ESTRBC Capital analyst Mitch Steves lowered the price target on NVIDIA (NASDAQ: NVDA) to $260.00 (from $310.00) while maintaining an Outperform rating after a disappointing quarter relative to expectations with gaming coming in lower (crypto impact) and Data Center missing expectations as well.
"Overall,... More
