NVIDIA (NVDA) Ready for Rebound Says Analyst (TSLA)
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Price: $177.82 -3.01%
Rating Summary:
57 Buy, 10 Hold, 3 Sell
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Rating Summary:
57 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Needham & Co. analyst Rajvindra Gill said Thursday that shares of NVIDIA Corp. (NASDAQ: NVDA) are poised to see upside of more than 50 percent following a recent 30 percent slide.
Gill said that the company's sales have been stable, while it is taking share in the notebook market and growing in China.
“We expect to see incremental growth in gross margins over the next several quarters,” Gill wrote. “Nvidia is witnessing good traction in the high-margin enthusiast segment, along with an uptick in Tesla (NASDAQ: TSLA) and Quadro, which carry 70%-plus gross margin.”
Gill also notes the company has seen no major disruption in supplies from Japan following the earthquake.
The analysts sees 30-50 basis points of gross margin accretion over the next five quarters.
Shares of NVIDIA are up 2.82 percent to $18.26 in midday market movement on Thursday.
Gill said that the company's sales have been stable, while it is taking share in the notebook market and growing in China.
“We expect to see incremental growth in gross margins over the next several quarters,” Gill wrote. “Nvidia is witnessing good traction in the high-margin enthusiast segment, along with an uptick in Tesla (NASDAQ: TSLA) and Quadro, which carry 70%-plus gross margin.”
Gill also notes the company has seen no major disruption in supplies from Japan following the earthquake.
The analysts sees 30-50 basis points of gross margin accretion over the next five quarters.
Shares of NVIDIA are up 2.82 percent to $18.26 in midday market movement on Thursday.
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