Vetr Downgrades Nvidia After Big Earnings Beat


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


The Vetr crowd on Thursday downgraded its rating for NVIDIA Corporation (NASDAQ:NVDA) from the stock's previous rating of 4.5 stars (Strong Buy), issued seven days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally cautious, with 63 percent of Vetr user ratings bearish.

Despite starting 2017 with a target on its back that drew a slew of downgrades, one of 2016's best performing stocks continued its stellar streak. In its first quarter earnings report, Nvidia beat analysts estimates on both EPS and sales, while also topping its revenue year-over-year by more than 46 percent.

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Currently, the Vetr crowd's average target price on Nvidia is down at $122.34, which is still well above the average analyst target price of $99.51. Nvidia is a popular stock on Vetr as more than 3 percent of users are holding NVDA in their watch lists.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: DowngradesCrowdsourcingAnalyst RatingsTechVetr