NVIDIA Corporation
Price Target
$186
Downside
-14.5%
Investment Thesis
A speculative sell with a fair value of USD 186 against USD 217.55. The rating does not rest on the business being weak, the quarter being poor, or the shares being expensive on near-term earnings. Almost everything is in NVIDIA's favor: Q2 revenue of USD 96.2bn grew 106%, and Vera Rubin is the fastest product ramp in the company's history. It rests on one thing, that the market is paying for growth to last longer than we are willing to underwrite.
Full Report
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Report Details
For educational purposes only. Not investment advice. Price targets reflect analyst estimates as of the publication date.