The Vetr crowd on Thursday downgraded its rating for NVIDIA Corporation 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.
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