Seeking Alpha

Nvidia gains as Stifel ups PT, EPS forecast

  • Stifel's Kevin Cassidy has hiked his Nvidia (NVDA +2.4%) PT to $21 from $19. He sees the chipmaker using its March 25 analyst day to discuss "many new product initiatives" that can deliver upside to estimates.
  • Citing the potential for margin expansion and upside to professional GPU and automotive performance, Cassidy is raising his FY16 (ends Jan. '16) EPS forecast to $1.30. That's well above a $0.93 consensus.
  • Strong demand for professional parts (i.e.Quadro workstation GPUs and Tesla HPC GPUs) helped Nvidia's GPU sales rise 14% Y/Y in the January quarter.
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