Wall Street analysts slash Nvidia price target, say recent guidance cut is ‘a splash of cold water’ (NDVA)
|02/11/2019||Posted by BusinessMediaguide.Com under General World News||
- Nvidia lowered its fourth-quarter revenue guidance two weeks ago, citing weaker economic conditions in China and disappointing sales of its gaming and datacenter platforms.
- Berstein has subsequently lowered its price target and rating for the chip maker, saying the latest cut appears much more fundamentally demand-driven.
- Nvidia is set to report fourth-quarter earnings after Thursday’s closing bell.
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