Nvidia Outlook Hurt By PC Softness, Price Targets Cut

By | May 11, 2015

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Nvidia (NVDA) got at price target cut Monday — one of several over the past week — as analysts say a weak personal computer market will weigh on its outlook. Canaccord Genuity analyst Matthew Ramsay, in a research report Monday, lowered his price target on Nvidia stock to 21 from 23 and maintained a hold rating, noting that he is “waiting for the PC-exposed dust to settle before investing in compelling growth platforms.” “We believe Nvidia’s Scalper1 News

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