The average GS stock price target is 392.75, implying a solid 21. Nvidia stock was down 1.5 percent Thursday to $239.31 per share.ĪMD Vs. Wall Street remains a big fan of Goldman Sachs stock, with a Moderate Buy consensus rating. Shares of NVDA stock opened at 132.61 on. Hari is forecasting 5 percent gaming revenue growth in Q4 as Nvidia digests low- and mid-range inventory build. The Goldman Sachs Group dropped their target price on NVIDIA from 192.00 to 166.00 in a report on Friday, July 15th. He said investors should keep expectations low for Q4, especially for what he says will be a transitional quarter for the company’s gaming segment. He says its an underappreciated earnings growth story because its got best-in-class revenue. Hari reduced his Q4 fiscal 2019 EPS estimate by 17 percent from $2.28 to $1.90, but said the long-term Nvidia thesis remains intact. Its going to buy from neutral according to him, and the price target is going up to 48 from 46. In this report, we highlight where/how we differ from the Street and address client pushback.“We expect idiosyncratic growth drivers such as its product cycle in Gaming and potential share gains in Data Center and Professional Visualization to contribute to earnings and stock price outperformance, particularly within the context of decelerating growth in the Automotive (only 5% of NVDA revenue) and Industrial (minimal direct exposure),” Hari wrote in a note. positive estimate revisions -> stock price outperformance) to play out over the coming quarters and reiterate our CL-Buy with 28% potential upside to our 12-month price target of $130. We are positioned above the Street (+20%/+50% on CY17/18 EPS) and would expect a scenario similar to last year (i.e. Pricing About us Login Join for free Toggle navigation. Most importantly, we believe the multiyear secular growth story in Gaming, Data Center and Automotive remains intact. with a Neutral rating, and a 245 target on the company’s stock. Goldman Sachs maintains Conviction Buy on NVIDIA (NASDAQ: NVDA) price target of $130.00.Īnalyst Toshiya Hari comments "While we recognize the slight cut to EPS by the Street post F4Q EPS (in our view primarily due to higher opex and share count), bottom line, we see this as an opportunity to add to positions (or to initiate positions for those who missed the rally in 2016). The 34 Wall Street analysts offering NVIDIA CORP stock forecast in the last 6 months have average price target of 257.85 with a high forecast of 410.0 and. Claim your 1-week free trial to StreetInsider Premium here. The 24 analysts offering 12-month price forecasts for Goldman Sachs Group Inc have a median target of 376.50, with a high estimate of 483.00 and a low estimate of 308.35. (NVDA) Add to my list Report Delayed Nasdaq - 04:00 pm EDT 157.62 USD +2.54 07/15 Goldman Sachs Adjusts NVIDIA Price Target to 166 From 192, Maintains Neutral Rating MT 07/15. News and research before you hear about it on CNBC and others.
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