Thursday, November 23, 2017

FirstChoiceIPO ups target on Nvidia

FirstChoiceIPO has upwardly revised the target for Nvidia. The medium term target is $ 255, as against the current price of $215. The chipmaker is likely to report an increase of over 50% in revenues for fiscal 2019. The industry is expected to grow at 25%.The estimated EPS will be in excess of $ 6 for full year. Currently the stock is trading at 54 PE.  On the expected revenue, profitability for the next year, even if the stock quotes at a reasonable PE of 40, the bullet proof stock will cross $250 mark.

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