stocks for medium & long-term hold durations Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : stocks for medium & long-term hold durations

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rimshot who wrote (90)	11/18/2021 9:28:25 AM
From: rimshot	Read Replies (5) of 426

NVDA - Nvidia - Analysts at CFRA have summarized their Nov. 18th opinion as follows: We up our 12-month target to $350 from $330 on peer-premium P/E of 59.4x our FY 24 (Jan.) EPS view of $5.89 (up from $5.83). We raise our FY 22 EPS estimate to $4.34 from $4.29 and FY 23's to $5.03 from $4.92. NVDA posts Oct-Q EPS of $1.17 vs. $0.53, beating the $1.11 consensus. Sales grew 50%, better than expected, led by an increase of 42% from gaming and 55% in data centers. Professional visualization more than doubled (up 144%) while automotive rose 8%. Gross margin widened 260 basis points to 67%, more than we thought, on better mix. We see momentum in gaming led by RTX GPU upgrades (about 1/4 of installed base) as well as growth from GeForce users (+14M gamers). In data centers, we see growth from hyperscale customers (more than doubled), reflecting the ongoing adoption of Ampere architecture. We come away more impressed by opportunities in the virtual world on both the hardware/licensing side and while shares appear expensive, NVDA's secular opportunities/addressable market is growing at a rapid pace.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next