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Strategies & Market Trends : stocks for medium & long-term hold durations
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To: rimshot who wrote (87)11/8/2021 2:47:59 PM
From: rimshot  Read Replies (2) of 426
 
NVDA - Nvidia - Analysts at CFRA out today Monday November 8th with their opinion -

12:35 PM EST, 11/08/2021
Analysts at CFRA have summarized their opinion as follows:

We up our 12-month target to $330 from $212 on higher revised peer-premium
P/E of 56.6x our FY 24 (Jan.) EPS view, which we start at $5.83.

We raise our FY 22 EPS estimate to $4.29 from $4.14 and FY 23's to $4.92 from $4.58.
Our higher valuation reflects our greater confidence surrounding growth prospects
and upside potential to consensus estimates.

We believe recent commentary from Meta Platforms and sharply higher capital spending
plans for '22 demonstrates a massive opportunity ahead as it pertains to the metaverse.

We also believe that NVDA is likely seeing an improving supply situation, which will further support growth.

While we acknowledge NVDA's richer valuation, we think the possibilities ahead
for the GPU space are enormous (gaming, data centers, and autonomous vehicles) and
poised to gain a greater wallet share from cloud service providers than we previously anticipated.

CEO Jensen Huang will speak at the GTC Conference tomorrow ...
while NVDA is set to release Oct-Q earnings results on November 17.
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