Should NVIDIA Be Trading At A Premium To Its Peers?

Canaccord Genuity’s Matthew D. Ramsay believes NVIDIA Corporation (NASDAQ: NVDA) shares deserve to trade at a premium to the semiconductor group, with upside expected to the near-term consensus forecasts. Ramsay maintains a Buy rating on the company, while raising the price target from $45 to $55. Premium Warranted Ramsay explained that the valuation premium was warranted given the investments made by management in both developer/tools and hardware technology innovation and the premium-tier installed base that is both expanding and sticky. Related Link: Trip Chowdhry Shares Insights Into Apple’s Machine Learning & Deep Learning Initiatives “Following the launch of Pascal and in light of the recent strong growth in enterprise and automotive revenue, we maintain our belief NVIDIA’s transformation from a PC-leveraged GPU supplier to a diverse visual-computing company is now…

Link to Full Article: Should NVIDIA Be Trading At A Premium To Its Peers?

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!