In a report published Friday, Jefferies & Company reiterated its Hold rating on NVIDIA Corporation NVDA, but lowered its price target from $16.00 to $14.00.
Jefferies noted, “NVDA exceeded both consensus revs and EPS but guided 4Q revs to decline by 9% QoQ or 800bps below consensus. The company announced a $0.075 dividend or 2.4% yield and its entry into 4G LTE modem market (discrete and integrated app processor). We continue to believe that NVDA is best positioned w/ Tegra to benefit from Windows RT ramp into PCs, and could get more positive w/ success there.”
NVIDIA Corporation closed on Thursday at $12.68.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in