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To: richardred who wrote (961)6/10/2012 11:58:42 PM
From: Robert O2 Recommendations  Read Replies (1) of 8239
 
Covering the intersection of tech and investing.
Eric Savitz , Forbes Staff

6/10/2012 @ 11:02PM |189 views

Nvidia: Time To Buy, Says UBS



UBS analyst Uche Orji on Sunday lifted his rating on Nvidia to Buy from Neutral, while maintaining his $15.50 price target. The analyst offered four reasons for the upgrade of the graphics chip and microprocessor :

  • He contends that the stock offers an attractive risk-reward given a recent share pullback. The stock is down about 25% since mid-February.
  • Orji says the company is emerging as a leader in the new Windows-on-ARM market.
  • He’s bullish on the product cycle for the company’s Kepler class of graphics processors.
  • The company’s professional solutions business “continues to drive operating profit.”
Orji contends that with the stock trading at 8x estimated FY 2014 profits ex $5 a share in cash, downside in the shares looks limited.

NVDA on Friday rose 23 cents, or 1.9%, to $12.12.
forbes.com
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