NVIDIA (NVDA) PT Lowered to $240 at WestPark Capital
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Go back to NVIDIA (NVDA) PT Lowered to $240 at WestPark Capital
May 26, 2022 7:22 AM EDT
Benchmark analyst Cody Acree assumes coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $228.00.
The analyst comments "We are assuming coverage with a Buy Rating and setting a $228 price target, down from $365. NVDA turned in another strong quarter with record quarterly revenue from Data Center and Gaming both growing solidly QoQ and YoY, offsetting Auto softness on new product transitions and ongoing OEM production headwinds and a sequential decline in Professional Visualization, as... More
May 26, 2022 6:22 AM EDT
Shares of Nvidia (NASDAQ: NVDA) are down more than 5.5% in premarket trading Thursday after the tech giant issued downbeat revenue guidance.
Nvidia reported Q1 adjusted EPS of $1.36, topping the consensus estimates of $1.30. Revenue came in at $8.29 billion, up 46% YoY and above the analyst consensus of $8.1 billion.
The company generated $3.75 billion in data center revenue, up 83% YoY, beating the expected $3.62 billion. Gaming revenue stood at $3.62 billion in the quarter, up 31% YoY and also above the consensus projection of $3.53 billion.
Nvidia reported an adjusted gross margin of 67.1% in the period, compared to... More
