NVIDIA Reports Q2 Revenue Miss & Worse Than Expected Guidance, Shares Down 2%
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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
