The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. The computer hardware maker reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01).
NVIDIA ( NASDAQ:NVDA – Get Rating) last posted its quarterly earnings results on Wednesday, August 24th. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.50. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Finally, Needham & Company LLC dropped their target price on shares of NVIDIA from $185.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, September 2nd. Susquehanna dropped their target price on shares of NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a research report on Wednesday, September 21st. Fubon Bank downgraded shares of NVIDIA from a “buy” rating to a “neutral” rating in a research report on Thursday, August 25th. dropped their target price on shares of NVIDIA from $230.00 to $220.00 in a research report on Thursday, August 25th. upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Thursday, September 29th. Several other research analysts have also commented on the stock. Citigroup’s price objective indicates a potential upside of 82.61% from the company’s previous close. The firm presently has a “buy” rating on the computer hardware maker’s stock. NVIDIA ( NASDAQ:NVDA – Get Rating) had its target price lowered by equities researchers at Citigroup from $248.00 to $210.00 in a research note issued to investors on Tuesday, The Fly reports.
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