NVIDIA (NVDA) PT Raised to $171 at Goldman Sachs on Higher Switch Units
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Price: $200.04 -4.13%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Goldman Sachs analyst Toshiya Hari raised the firm's price target on NVIDIA (NASDAQ: NVDA) to $171.00 (from $165.00) while maintaining a Conviction Buy rating.
Hari raises FY18-20E revenue by 0.3-1.4% and revise EPS 1-3% as they reflect higher Nintendo Switch unit assumptions and 1Q GPU unit data released by Mercury.
For the Switch, they now assume 15.2mn and 15.5mn units in FY3/18 and FY3/19, up from 6.5mn and 7.5mn prior.
The firm's FY18/19 EPS estimates remain significantly above FactSet consensus (+14%/+49%).
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