NVIDIA (NVDA) PT Lowered to $248 at Citi

NVIDIA (NVDA) PT Lowered to $200 at Susquehanna

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

NVIDIA (NVDA) PT Lowered to $280 at Jefferies; Buyers on Weakness

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

NVIDIA Drops After Missing Q3 Forecast Estimates, Analysts Positive on Near-term Positive Catalyst

Shares of Nvidia (NASDAQ: NVDA) are down 3.5% after the chipmaker issued a weaker-than-expected Q3 forecast.

Nvidia reported $6.7 billion in Q2 revenues, which is in line with the pre-announcement. Adjusted EPS came in at $0.51 to beat the $0.50 estimate.

For this quarter, Nvidia said it expects to generate revenues of $5.9 billion, plus or minus 2%. Analysts were looking for $6.92 in Q3 revenues. The adjusted gross margin is seen between 64.5% to 65.5%, easily... More