NVIDIA Corporation NVDA traders are expecting some major volatility from the stock this week with the company expected to report Q1 earnings after the market close on Tuesday. In fact, three of Nvidia’s last six earnings reports have generated one-day gains of at least 13 percent.
However, market reactions in the semiconductor space have been skewed to the downside so far this earnings season.
“The majority of semi stocks have faced pressure after they reported, for various unrelated reasons,” Bank of America analyst Vivek Arya said earlier this week.
Traders are now looking to Wall Street for ideas about what to do with Nvidia on Tuesday ahead of earnings. Bank of America says Nvidia is well-positioned for long-term growth that could push shares higher to the $150-$175 range by 2020.
Here’s a look at some other recent analyst ratings of Nvidia:
- Cannacord Genuity: Buy rating,$125 target (5/17)
- Pacific Crest: Underweight rating, $90 target (4/17)
- UBS: Buy rating, $132 target, (4/7)
- Citi: Buy rating, $145 target (4/5)
- Macquarie: Neutral rating, $110 target (3/31)
- Global Equities Research: Overweight rating, $125 target (3/20)
- BMO Capital: Underperform rating, $85 target (3/7)
- Instinet: Reduce rating (2/23)
- Nomura: Reduce rating, $90 target (2/22)
- RBC Capital Markets: Outperform rating, $130 target (2/10)
- Mizuho: Buy rating, $130 target (2/10)
- ROTH Capital: Neutral rating (2/6)
- CLSA: Underperform rating, $115 target (2/3)
According to CNN Money, 38 analysts currently have ratings on Nvidia. The stock has…
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