Analysts see 'more questions than answers' for Nvidia's earnings [CNBC]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: CNBC
Analysts see 'more questions than answers' for Nvidia's earnings Rick Wilking | Reuters Jensen Huang, CEO of Nvidia A little over two weeks after huge revenue miss, . The stock has lost almost half its value in the last four4 months Despite the recent rise in shares, many analysts still remain conflicted on the stock. Bernstein analyst Stacy Rasgon recently downgraded and lowered his price target "There are more questions than answers around this quarter, given the nearly $1 billion shortfall vs. January quarter consensus of 3 months ago," Morgan Stanley analyst Joseph Moore said. He went on to say, "We see the stock as a core holding but it's hard to argue for a large overweight position until visibility improves." Kirk Materne at Evercore ISI, pointed out in his analyst preview note that, "Investor sentiment is clearly very negative with management losing some credibility on the magnitude of the recent reset. But we think this will eventually pass. We believe mgmt. fundamentally mis
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