Evercore Partners reiterates its Underweight rating and $11 price target on NVIDIA NVDA on highlights from CES.
Evercore Partners says, "We maintain our Underweight rating and 12-month price target of $11, based on 12x CY12E EPS. Risks to our analysis include: (1) Shifts in GPU market share. (2) Product delivery execution. (3) Faster than expected Tegra uptake. (4) Significantly better yields and / or favorable allocation of 28nm at TSMC."
NVDA closed at $14.48 per share on Tuesday.
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