NVIDIA Q2 Earnings Analyst Roundup
NVIDIA (NASDAQ: NVDA) on Thursday posted a beat for the second quarter and issued better-than-expected guidance.
In reaction to this, a number of analysts have issued notes providing some insight into their outlook for the stock. Shares traded recently up 8.5 percent.
Raymond James - Strong Buy, $22
"We reiterate our Strong Buy rating on NVIDIA following solid fiscal second quarter results, highlighted by exceptionally strong gross margin performance and new product traction. More importantly, amid a mess of conflicting industry anecdotes, NVIDIA delivered a solid outlook for the October quarter, which we believe should mitigate concerns that have been weighing on the stock recently."
Deutsche Bank - Hold, $17
"NVIDIA posted solid revenues with better gross margin driving EPS upside and delivered a solid guide, defying concerns of GPU channel inventory. While impressed, we continue to believe shares are fully valued."
MKM Partners - Neutral, $20
"While our neutral thesis remains intact given that new initiatives largely remain in investment mode vs. harvest mode, we are incrementally encouraged by Grid VDI deployments (amd too many trials to count) and Tesla (NASDAQ: TSLA) ramps in data center applications."
Latest Ratings for NVDA
|Jul 2016||Mizuho Securities||Initiates Coverage on||Buy|
|Jul 2016||Wells Fargo||Downgrades||Market Perform||Underperform|
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