Citigroup Cuts Estimates on NVIDIA (NVDA)

Citigroup Cuts Estimates on NVIDIA (NVDA)

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On Monday, Citigroup reported that it has lowered its estimates on computer graphic chip producer NVIDIA Corporation (NVDA).

The firm has cut estimates on NVDA as margins are expected to be pressured in the upcoming quarters. Citigroup has a $15 price target on NVDA, which suggests a 3% upside from the stock’s current price of $14.49.

NVIDIA shares were down 17 cents, or 1.17%, during Monday morning trading. The stock is up 16% YTD.

The Bottom Line

Shares of NVIDIA Corporation (NVDA) have a 2.07% yield based on Friday’s closing price of $14.49.

NVIDIA Corporation (NVDA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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