Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

RBC Capital Upgrades Nvidia

RBC Capital upgrades Nvidia (NVDA) to outperform from sector perform.

Analyst Steven Arthur says fourth-quarter earnings per share is ahead of estimates. He notes the company guided first-quarter revenues flat to 5%-plus sequentially, vs. a typical seasonal decline of 5% to 8%.

He says this is well ahead of prior first-quarter forecast and consensus estimates. He ups his 92 cents fiscal 2006 (ending January) earnings per share estimate to $1.16 and $1.21 fiscal 2007 earnings per share to $1.58.

Arthur thinks Nvidia has staged a remarkable recovery from its low of last August -- both in terms of operating performance and share price. He believes despite recent strength, Nvidia is attractively valued at 22 times calendar year 2005 earnings per share estimate, and 16 times calendar year 2006. He raises his $29 target to $36.

blog comments powered by Disqus