NVIDIA Announces Financial Results for Second Quarter Fiscal 2023
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August 25, 2022 9:17 AM EDT
Susquehanna analyst Christopher Rolland lowered the price target on NVIDIA (NASDAQ: NVDA) to $200.00 (from $210.00) while maintaining a Positive rating following earnings.
The analyst commented, "After the close NVIDIA reported results in-line with their pre-announcement, but missed Street expectations for 3Q. The primary culprit was Gaming, which management suggested was affected by macro headwinds, including a weaker EU, China and ban to Russia. In addition, we have been vocal about the growing risks from: 1) the WFH PC/GPU Hangover and macro-related headwinds; 2) Ethereums upcoming move to Proof of Stake; and 3) bloated channel inventory... More
August 25, 2022 8:00 AM EDT
Jefferies analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $280.00 (from $378.00) while maintaining a Buy rating following results, saying they are buyers on weakness.
The analyst commented, "We're buyers of NVDA after it's 3rd cut in 3 months, as we believe the 40%... More
August 24, 2022 4:22 PM EDT
NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.83 billion.
NVIDIA sees Q3 revenue of $5.90 billion, plus or minus 2%, versus the consensus of $6.92 billion.
For... More
