Market Overview

UPDATE: Canaccord Genuity Upgrades NVIDIA Corporation to Buy on 2012 Tablet Ramp-Up

Related NVDA
Bank Of America Analyst Sees Slower FY15 Growth For Semiconductor Group
UPDATE: Bank Of America Upgrades NVIDIA
SAC's Steinberg Gets 3-1/2 Years in Prison for Insider Trading (Fox Business)

Canaccord Genuity raises its rating on NVIDIA Corporation (NASDAQ: NVDA) from Hold to Buy and increases its target price on shares from $13 to $16.

Canaccord Genuity notes, "We are upgrading shares of NVDA from Hold to BUY on positive near- and medium-term drivers. NVDA appears positioned to offset near-term PC weakness through Tegra strength and Kepler revenues that were guided by limited 28nm wafer supply, not PC demand. In-line results should distinguish NVDA from other PC-weighted names that appear likely to have near-term number cuts, in our view. Next year, we believe Tegra should continue to benefit from Surface and other tablet wins secured in H2/12, as well as a bundled LTE solution slated for introduction H1/13 (likely in time for Mobile Word Congress)."

NVDA closed at $12.99 on Friday.

Latest Ratings for NVDA

DateFirmActionFromTo
Dec 2014Bank of AmericaUpgradesUnderperformNeutral
Nov 2014NomuraMaintainsBuy
Nov 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Upgrades Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (NVDA)

Around the Web, We're Loving...

Get Benzinga's Newsletters