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Fly News Breaks for March 20, 2017
Mar 20, 2017 | 09:06 EDT
BofA/Merrill analyst Vivek Arya NVIDIA's fundamentals remain solid, despite the recent pullback from recent highs, saying the Ti gaming card sold out in seasonally soft period despite a premium price-point, Pascal gamecard penetration will benefit from installed base refresh and an expected increase in gaming laptops, reports indicate Nintendo plans to double Switch console units versus original plan, adding $320-$400M in incremental revenue this year, and announcements with Paccar, Bosch, Audi and others suggest NVIDIA will capture $2-$3B in revenues over the next 3-4 years. Arya rates NVIDIA a Buy with a $125 price target and a top largecap pick.
News For NVDA From the Last 2 Days
Oct 16, 2017 | 08:31 EDT
Mizuho analyst Vijay Rakesh raised Nvidia's price target to $220 from $180 due to strong underlying GPU gaming and crypto-currency trends and China Data Center wins. Nvidia GPU pricing remains up with almost no inventory in the channel and new design wins at Beijing GTC with TAB and Huawei should be positive, the analyst wrote in a note to investors. Rakesh sees automotive with Drive PX as a tailwind in 2018 and reiterates a Buy rating.
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