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UPDATE: Morgan Stanley Reiterates On NVIDIA On Margin Upside From GPUs

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In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Underperform rating on NVIDIA Corporation (NASDAQ: NVDA), and raised the price target from $14.00 to $15.00.

In the report, Morgan Stanley noted, “In-line revs, but GM upside and slightly better revenue outlook surprised us, given inventory reduction at competitor, AMD. As spot shortages ease we think GMs come back a bit. The company is executing well but we see the stock as expensive, and remain UW, albeit with higher PT.”

NVIDIA Corporation closed on Thursday at $17.46.

Latest Ratings for NVDA

DateFirmActionFromTo
Nov 2016MKM PartnersMaintainsBuy
Nov 2016NeedhamUpgradesHoldBuy
Nov 2016BarclaysUpgradesUnderweightEqual-Weight

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