Nvidia: New Street Research raises target price
(CercleFinance.com) - New Street Research has increased its target price for US graphics cards maker Nvidia to 335 dollars, seeing room for a "material gaming revenue beat.
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In a note to clients, the independent research house says the new Turing micro-architecture is likely to impact near-term revenues, as soon as the platform starts shipping.
Analyst Pierre Ferragu said a detailed analysis suggests that Turing should result in a first boost in revenues in the fourth quarter, followed by further momentum at the beginning of 2019.
Nvidia shares are currently up 1.2% at 277.2 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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In a note to clients, the independent research house says the new Turing micro-architecture is likely to impact near-term revenues, as soon as the platform starts shipping.
Analyst Pierre Ferragu said a detailed analysis suggests that Turing should result in a first boost in revenues in the fourth quarter, followed by further momentum at the beginning of 2019.
Nvidia shares are currently up 1.2% at 277.2 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.