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Needham raises Nvidia target to 28% upside

Published 05/14/2018, 10:14 AM
© Reuters.  Needham raises Nvidia target to 28% upside
NVDA
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  • Needham raises its Nvidia (NASDAQ:NVDA) price target from $300 to $325, a 28% upside to Friday’s close.
  • Firm cites last week’s earnings beat driven by datacenter and cryptocurrency mining.
  • Needham notes that Nvidia improved GPU demand and pricing in Q1 after a tight supply environment.
  • Firm raises its FY19 EPS estimate to $7.80 and FY20 to $8.65.
  • Source: Briefing.com.
  • Nvidia shares are up 0.7% to $256.32.
  • Previously: Nvidia -1.7% after Q1 beats, upside guide, strength in Gaming and Datacenter (May 10)
  • Previously: Nvidia earnings call: GPU pricing, crypto demand, and TAMs (May 11)
  • Previously: Analyst raise Nvidia's price targets after earnings (May 11)
  • Now read: Get Rich (Safely) With Growth Strategies: 3 To Consider


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