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NVDA

Nvidia

$177.21

-7.05 (-3.83%)

, MLNX

Mellanox

$109.00

-1.69 (-1.53%)

06:07
10/09/19
10/09
06:07
10/09/19
06:07

Nvidia's two biggest growth drivers are back, says Piper Jaffray

Piper Jaffray analyst Harsh Kumar believes Nvidia's (NVDA) two biggest growth drivers, namely gaming and data center, are back. Following a round of channel checks, the analyst says Nvidia is one of the best positioned semiconductor companies from a "company-specific catalyst perspective." Gaming, which represents around half of the company's revenue, appears to have settled following the GPU inventory correction, and the segment is setup for a seasonally strong second half of 2019, Kumar tells investors in a research note. In addition, the analyst is convinced Nvidia's data center business appears to have stabilized, and he sees growth in the segment moving forward. Further, Kumar thinks the Mellanox (MLNX) acquisition is on track to close by the end of calendar 2019. Lastly, based on Piper's teen survey results, the analyst believes video game interest remains high among U.S. teens. He keeps an Overweight rating on Nvidia with a $200 price target. The stock closed Tuesday down $7.10 to $177.23.

NVDA

Nvidia

$177.21

-7.05 (-3.83%)

MLNX

Mellanox

$109.00

-1.69 (-1.53%)

  • 20

    Nov

NVDA Nvidia
$177.21

-7.05 (-3.83%)

09/30/19
NOMU
09/30/19
NO CHANGE
NOMU
Nomura Instinet still cautious on semiconductors after Micron report
Micron Technology (MU) last week provided November quarter guidance for a 37% year-over-year decline in sales and a further drop in gross margin, to 25.5%, Nomura Instinet analyst David Wong tells investors in a research note titled "Little Evidence of Recovery Yet." Further, August global chip shipment data showed a continuing year-over-year decline in the mid- to high-teens range, adds the analyst. Wong remains cautious on the semiconductor and semiconductor equipment industry overall.
10/02/19
RHCO
10/02/19
NO CHANGE
Target $105
RHCO
Hold
Xilinx price target lowered to $105 from $127 at SunTrust
SunTrust analyst William Stein lowered his price target on Xilinx (XLNX) to $105 and kept his Hold rating, saying that he prefers market leader Nvidia (NVDA) in the compute arena for server acceleration. The analyst still sees Xilinx as an "excellent company" that is well positioned to deliver high returns and profitable growth over time, but he prefers a more opportune entry point during this "downturn part" of the cycle.
10/07/19
RBCM
10/07/19
NO CHANGE
Target $217
RBCM
Outperform
Nvidia price target raised to $217 from $190 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Nvidia to $217 and kept his Outperform rating, saying he expects the stock to be the best performing large-cap name in his coverage universe within the next 6-9 months. The analyst cites indications of a pick-up in the gaming demand, which he sees as tracking ahead of the company's plans. Steves also believes that Nvidia's Data Center should recover in Q4 thanks to the product refresh announcement expected in the quarter, further supporting his forecast of expanding gross margins.
10/07/19
EVER
10/07/19
NO CHANGE
Target $225
EVER
Outperform
Nvidia price target raised to $225 from $185 at Evercore ISI
Evercore ISI analyst C.J. Muse said in a note before the open that he thinks it is understandable that investors have taken a cautious view on the future growth of Nvidia's Gaming franchise, though he sees a potential recovery coming in the second half and momentum continuing into 2020 and beyond in that part of the company's business. Muse sees at least a 15% compound annual growth rate for Gaming into 2022, led by Notebook Gaming growth, even without giving credit for any contributions from Cloud gaming via wins at CSPs and GeForce Alliance, which could be a source of added upside. The analyst, who now predicts Nvidia EPS approaching $9.25 in the 2021 timeframe, reiterated his Outperform rating on the shares and raised his price target to $225 from $185. Nvidia, which also saw its price target raised to $217 from $190 at RBC Capital this morning, is up 3% to $187.44 in early trading.
MLNX Mellanox
$109.00

-1.69 (-1.53%)

03/14/19
STFL
03/14/19
DOWNGRADE
STFL
Hold
Mellanox downgraded to Hold from Buy at Stifel
Stifel analyst Kevin Cassidy downgraded Mellanox to Hold from Buy and lowered his price target on shares to $125 from $128 to reflect the company's acquisition agreement with Nvidia (NVDA). The analyst does not expect any competing bids to exceed Nvidia's offer.
03/19/19
WELS
03/19/19
NO CHANGE
Target $190
WELS
Outperform
Nvidia price target raised to $190 from $170 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for Nvidia (NVDA) to $190 from $170 after attending the company's Founder and CEO Jensen Huang keynote presentation at GTC, and as he views Nvidia's acquisition of Mellanox (MLNX) as positive. The analyst reiterates an Outperform rating on the shares.
03/29/19
JEFF
03/29/19
DOWNGRADE
Target $125
JEFF
Hold
Mellanox downgraded to Hold from Buy at Jefferies
Jefferies analyst George Notter downgraded Mellanox (MLNX) to Hold from Buy and lowered his price target on shares to $125 from $130 to reflect the company's acquisition agreement with Nvidia (NVDA).
07/25/19
RSBL
07/25/19
NO CHANGE
RSBL
Neutral
Rationale for Nvidia acquisition interest in Mellanox remains strong, says Rosenblatt
Rosenblatt analyst Hans Mosesmann says Mellanox (MLNX) continues to execute on its Ethernet strategy offsetting an InfiniBand business that is lumpy by nature. Although he expects Ethernet growth to decelerate next year as competitors enter the market in volume, the analyst believes the strategic rationale for Nvidia's (NVDA) acquisition interest in the company should remain strong. Mosesmann reiterates a Neutral rating on Mellanox's shares.

TODAY'S FREE FLY STORIES

GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

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ESPR

Esperion

$40.51

0.67 (1.68%)

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PCG

PG&E

$7.41

0.71 (10.60%)

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PG&E monitoring potential weather event that could lead to power shutoffs »

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  • 07

    Jan

XRX

Xerox

$38.95

0.295 (0.76%)

, HPQ

HP Inc.

$20.17

0.05 (0.25%)

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HP unanimously rejects unsolicited Xerox proposal »

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XRX

Xerox

$38.95

0.295 (0.76%)

HPQ

HP Inc.

$20.17

0.05 (0.25%)

03/08/13
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    Nov

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    Dec

FOX

Fox Corp.

$33.60

0.14 (0.42%)

, FOXA

Fox Corp.

$34.26

0.04 (0.12%)

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FOX

Fox Corp.

$33.60

0.14 (0.42%)

FOXA

Fox Corp.

$34.26

0.04 (0.12%)

LGF.A

Lionsgate

$9.67

0.315 (3.37%)

LGF.B

Lionsgate

$9.07

0.345 (3.96%)

SNE

Sony

$62.03

0.23 (0.37%)

VIA

Viacom

$26.59

1.28 (5.06%)

VIAB

Viacom

$23.07

0.59 (2.62%)

T.CA

TELUS Corp. (Toronto)

$0.00

(0.00%)

CMCSA

Comcast

$44.54

-0.93 (-2.05%)

CMCSK

Comcast

$0.00

(0.00%)

DIS

Disney

$144.63

-2.56 (-1.74%)

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  • 09

    Dec

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

13:36
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J&J rushed to test baby powder and got complicated results, WSJ says »

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BA

Boeing

$371.55

4.25 (1.16%)

13:24
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Boeing 737 makes emergency landing after engine malfunction, NY Post says »

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AZN

AstraZeneca

$47.46

0.09 (0.19%)

13:17
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13:17
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Data shows AstraZeneca's Brilinta reduces risks of clinically relevant bleeding »

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LLY

Eli Lilly

$113.18

1.8 (1.62%)

13:11
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Analysis shows Jardiance decreased risk of hospitalization for heart failure »

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  • 30

    Jan

AZN

AstraZeneca

$47.46

0.09 (0.19%)

13:09
11/17/19
11/17
13:09
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13:09
Hot Stocks
AstraZeneca says data shows Farxiga reduces risks in heart failure patients »

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BA

Boeing

$371.55

4.25 (1.16%)

13:05
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13:05
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Boeing, Biman announce order for two 787-9 Dreamliner jets »

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BBIO

BridgeBio

$28.26

0.55 (1.98%)

, EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

13:03
11/17/19
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Hot Stocks
BridgeBio, Eidos present 'positive' data from Phase 2 clinical trial of AG10 »

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BBIO

BridgeBio

$28.26

0.55 (1.98%)

EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

03/08/13
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    Nov

CLBS

Caladrius

$2.64

-0.06 (-2.22%)

13:01
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Caladrius reports 'positive' results for CLBS16 from ESCaPE-CMD trial »

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KNSA

Kiniksa

$6.52

0.1 (1.56%)

12:59
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  • 18

    Nov

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    Nov

MDCO

The Medicines Co.

$51.92

1.03 (2.02%)

12:57
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The Medicines Co's ORION-10 study of Inclisiran met primary, secondary endpoints »

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AMGN

Amgen

$220.84

2.29 (1.05%)

12:54
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Amgen analysis shows benefit of Repatha in high risk patients »

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  • 07

    Dec

CNI

Canadian National

$93.64

0.46 (0.49%)

12:52
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Canadian National receives strike notice from train conductor union »

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  • 21

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ADAP

Adaptimmune

$0.71

-0.0959 (-11.87%)

12:51
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Adaptimmune data confirms ADP-A2M4 delivers clinical benefit »

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CELG

Celgene

$110.02

-0.01 (-0.01%)

, BMY

Bristol-Myers

$58.61

0.11 (0.19%)

12:47
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Bristol-Myers sees no further extension for Celgene notes due to merger closing »

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CELG

Celgene

$110.02

-0.01 (-0.01%)

BMY

Bristol-Myers

$58.61

0.11 (0.19%)

03/08/13
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  • 18

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    Mar

  • 04

    Apr

ETNB

89bio

$26.03

3.03 (13.17%)

, YAYO

YayYo

$3.65

-0.29 (-7.36%)

11:09
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ETNB

89bio

$26.03

3.03 (13.17%)

YAYO

YayYo

$3.65

-0.29 (-7.36%)

CAN

Canaan

$0.00

(0.00%)

SITM

SiTime

$0.00

(0.00%)

BABA

Alibaba

$185.44

2.75 (1.51%)

YXR

YX Asset Recovery

$0.00

(0.00%)

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  • 19

    Nov

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    Nov

WFC

Wells Fargo

$53.80

0.3 (0.56%)

, AAPL

Apple

$265.73

3.07 (1.17%)

10:01
11/16/19
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Berkshire Hathaway inactive with record cash hoard, Barron's says »

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WFC

Wells Fargo

$53.80

0.3 (0.56%)

AAPL

Apple

$265.73

3.07 (1.17%)

OXY

Occidental Petroleum

$38.94

1.18 (3.13%)

BRK.B

Berkshire Hathaway

$219.74

0.38 (0.17%)

BRK.A

Berkshire Hathaway

$329,361.11

266.11 (0.08%)

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  • 14

    Jan

DIS

Disney

$144.63

-2.56 (-1.74%)

09:43
11/16/19
11/16
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Disney+ may not be able to hold onto huge number of subs, Barron's says »

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MDT

Medtronic

$112.11

2.9 (2.66%)

09:27
11/16/19
11/16
09:27
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09:27
Periodicals
Medtronic shares 'could rise even more,' Barron's says »

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  • 19

    Nov

BR

Broadridge

$119.80

0.485 (0.41%)

09:18
11/16/19
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09:18
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Broadridge a defensive name that can withstand slowdown, Barron's says »

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MCD

McDonald's

$193.95

-0.02 (-0.01%)

, MDT

Medtronic

$112.11

2.9 (2.66%)

09:07
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11/16
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09:07
Periodicals
Barron's suggests dividend stocks for retirement savers »

In this week's…

MCD

McDonald's

$193.95

-0.02 (-0.01%)

MDT

Medtronic

$112.11

2.9 (2.66%)

KO

Coca-Cola

$52.67

0.03 (0.06%)

PRU

Prudential

$93.61

0.82 (0.88%)

SYF

Synchrony

$37.05

0.34 (0.93%)

KEY

KeyCorp

$18.96

0.1 (0.53%)

T

AT&T

$39.49

0.53 (1.36%)

AMGN

Amgen

$220.84

2.29 (1.05%)

CSCO

Cisco

$45.10

0.18 (0.40%)

RCL

Royal Caribbean

$117.91

2.69 (2.33%)

MRK

Merck

$84.89

0.33 (0.39%)

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

MSFT

Microsoft

$149.95

1.89 (1.28%)

JPM

JPMorgan

$129.51

0.83 (0.65%)

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