Market Overview

Pacific Crest Upgrades NVIDIA Ahead Of Earnings


Pacific Crest Securities upgraded NVIDIA Corporation (NASDAQ: NVDA) from Underweight to Sector Perform in an earnings preview issued Sunday.

Analyst Michael McConnell noted that with "62 percent unit share in the desktop discrete graphics processor market, NVIDIA has sought to diversify its product offerings into new markets such as workstation, high-performance computing, game consoles, tablets and smartphones."

McConnell believed “that NVIDIA’s success in these new markets will prove vital to maintaining company growth and profitability over the long term, as the industry shift from discrete graphics to integrated solutions begins to accelerate.”

As for competition, NVIDIA may “enjoy a near monopoly at the high end of the desktop discrete market, as supply chain conversations indicate that AMD’s next-generation RADEON R9 380X GPU has slipped to a 2Q15 launch.”

The analyst note estimated that Fiscal Q3 Revenue will be $1,200.4 million with EPS of $0.27. The company will report on Thursday, November 6.

NVIDIA recently traded at $19.86, up 1.66 percent.

Latest Ratings for NVDA

Nov 2020B of A SecuritiesMaintainsBuy
Nov 2020MizuhoMaintainsBuy
Nov 2020Raymond JamesMaintainsOutperform

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings


Related Articles (NVDA)

View Comments and Join the Discussion!

Posted-In: AMD Michael McConnell Pacific Crest SecuritiesAnalyst Color Upgrades Analyst Ratings

Latest Ratings

DALVertical GroupUpgrades58.0
SLQTMorgan StanleyMaintains25.0
RRCMorgan StanleyMaintains8.5
JUSHFCanaccord GenuityMaintains8.0
RGAMorgan StanleyMaintains106.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at