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

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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
Jul 2016Mizuho SecuritiesInitiates Coverage onBuy
Jul 2016Wells FargoDowngradesMarket PerformUnderperform
Jun 2016NomuraUpgradesNeutralBuy

View More Analyst Ratings for NVDA
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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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