NVIDIA To $200? These Analysts Revise Price Targets On The Chip Maker Following Q3 Results

NVIDIA To $200? These Analysts Revise Price Targets On The Chip Maker Following Q3 Results

NVIDIA Corporation NVDA posted weaker-than-expected . earnings for its third quarter, but topped sales expectations.

Nvidia reported third-quarter revenue of $5.93 billion, down 17% year-over-year. The revenue total beat a Street estimate of $5.77 billion. The company reported earnings per share of 58 cents in the quarter, down 50% year-over-year. Earnings per share missed a Street estimate of 69 cents per share.

NVIDIA said it sees Q4 revenue of $6 billion, plus or minus 2%. The Street estimate is $6.09 billion.

NVIDIA shares gained 0.7% to $160.25 in pre-market trading.

These analysts made changes to their price targets on NVIDIA after the company released quarterly results.

  • Deutsche Bank raised price target on Home Depot from $140 to $150. Deutsche Bank analyst Ross Seymore maintained a Hold rating on the stock.
  • Needham raised NVIDIA price target from $155 to $200. Needham analyst Rajvindra Gill maintained a Buy rating on the stock.
  • Mizuho lowered the price target on the stock from $205 to $200. Mizuho analyst Vijay Rakesh maintained the stock with a Buy.
  • Raymond James cut NVIDIA’s price target from $210 to $190. Raymond James analyst Melissa Fairbanks maintained the stock with a Strong Buy.

Posted In: PT ChangesEarningsNewsGuidancePrice TargetPre-Market OutlookMarketsAnalyst Ratings