Additionally, Snap will face pressure from employees being able to sell shares for the first time since IPO (although co-founders Spiegel & Murphy noted they would not sell their ~422MM shares this year).

Pricing in the near-term will be weak as they use pricing as a lever to continue to on board additional advertisers to build out robust demand for Snap Ads. In reaction, Jefferies' top analyst Brian Fitzgerald slashed his price target to $16.00 (from $30), while reiterating a Buy rating on the stock.įitzgerald opined, '2nd quarter in a row with miss quarter (on no guide). As such we are raising our FY:19 revenue estimate by roughly $1 billion, thus driving the out year EPS up from $3.37 to $4.52,' the analyst added.

'While the exceptional growth can't mathematically last forever, we fail to identify an competitive threat that is likely to impede Nvidia over the next several quarters. With mega trends like eSports, Artificial Intelligence, High Performance Computing, Cryptocurrencies and Autonomous Driving, Nvidia stands alone among semiconductor companies in terms of big volume/dollar growth potential, in our view.' Roth Capital analyst Brian Alger commented, 'NVDA's performance over the past several quarters has been nearly flawless, and it is clear that neither Intel nor AMD have been successful in slowing the company's growth. While the semiconductor giant reported a strong revenue and EPS of $2.23 billion and $0.92, well above consensus estimates of $1.96 and $0.70, shares are falling nearly 5% in Friday's trading session. NVIDIA Shares Tumble Despite 2Q Earnings Beat Roth Capital Raises Price TargetĪfter NVIDIA Corporation (NASDAQ: NVDA) released its fiscal second-quarter earnings last night, many investors are scratching their heads.

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