Market Overview

UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Lowers PT on NVIDIA Corporation

Share:
Related NVDA
Benzinga's Top Upgrades
PC Market Be Damned, NVIDIA Stock Is A Buy
What Awaits NVIDIA Corp. (NVDA) this Earnings Season? - Analyst Blog (Zacks)

In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on NVIDIA Corporation (NASDAQ: NVDA), but lowered its price target from $16.00 to $13.00.

BMO Capital noted, “We believe the reason NVIDIA has bucked the trend of weakness in PCs is owing to share gains against AMD, supply constraints in manufacturing that helped in F3Q, as well as ramps of its Tegra products in Google's Nexus 7 and Microsoft's Surface tablets. Hence, for F3Q, we expect NVIDIA's growth to be fairly broad based, with growth in all three segments.”

NVIDIA Corporation closed on Friday at $12.49.

Latest Ratings for NVDA

DateFirmActionFromTo
Aug 2015MacquarieUpgradesNeutralOutperform
Jun 2015Tigress FinancialUpgradesNeutralBuy
Jun 2015NomuraDowngradesBuyNeutral

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (NVDA)

Get Benzinga's Newsletters