Market Overview

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

Share:
Related NVDA
Goldman Sachs Met With Semiconductor Giants; Here's What Happened
Nvidia Remains JMP's 'Best Idea'...Here's Why
Nvidia's Shield Android TV set-top goes on sale; reviews lukewarm (Seeking Alpha)

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
May 2015Roth CapitalDowngradesBuyNeutral
May 2015JMP SecuritiesMaintainsMarket Outperform
May 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings

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

 

Related Articles (NVDA)

Around the Web, We're Loving...

Get Benzinga's Newsletters