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
Tech companies took center stage when reporting earnings after the market closed Thursday. Shares of newly public solar systems maker SolarEdge Technologies (SEDG), one of a trio of solar companies reporting this week, leapt 15% in extended trading after its earnings crushed estimates. Some more recognizable technology names including graphics chipmaker Nvidia (NVDA), network security company CyberArk Software (CYBR) and embedded speech and
Nvidia (NVDA) received a downgrade Monday from an analyst who is bullish about the chipmaker’s technology but concerned about the expiration of a six-year licensing deal with Intel. Goldman Sachs analyst James Covello in a research report today downgraded Nvidia to sell from neutral “ahead of a licensing cliff and slowdown in core markets.” He has a price target of 20 on the stock. Nvidia stock was down about 3%, near 23, in midday trading in the