UPDATE: Morgan Stanley Reiterates On NVIDIA On Margin Upside From GPUs
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
|Aug 2016||Argus Research||Maintains||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.