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The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. We lower our CY22/23/24 adj EPS by 9%/7%/5% and cut TP to $285 from $315 using 30x P/E or in-line with large cap tech growth peer average times revised C24E EPS power discounted back.'ĭespite the change in price target, Citi maintained a Buy rating on the stock as it is 'trading at 24x P/E vs 20x prior trough levels, showing majority of the gaming weakness is mostly priced-in.' We maintain our data center sales as industry checks show hyperscalers remain server capacity constrained and believe stock’s multiple is supported by data center growth. 'We maintain in-line Jul-Q estimates and lower Oct-Q estimates below Street. 'We now model a 30% peak to trough decline in gaming sales vs 47% correction in 2018-19,' wrote the analyst. Malik trimmed the price target after cutting gaming estimates on 'below seasonal PC demand and elevated retail inventory reflecting significant improvement in market supply/demand balance.' NVIDIA's (NASDAQ:NVDA) price target was cut to $285 per share from $315 by Citi analyst Atif Malik in a research note Tuesday.

Nvda target price 2018