NVIDIA Stock (Nasdaq: NVDA) crashed on April 16, after announcing the ban on the export of H20 chips to China. For all initial estimates, this can A passion for $ 5.5 billion caused In the next semester report of the chips maker.
A day ago, NVDA shares were closed at $ 112.20. By the time of the press on April 16, NVIDIA shares decreased to the price of $ 104.69 in the pre -market trading session, with a year to the date (YTD) by 22.04 %.
In the aftermath of the direct advertisement, many prominent Wall Street companies reduced the goals of NVDA prices.
Analysts are looking for a range between 150 and 160 dollars for NVIDIA share after the export ban
Harsh Kumar, a 12 -month -old PIPER SANDLER analyst, reduced his 12 -month forecasts for NVIDIA from $ 175 to $ 150. Although the target price is reduced, the researcher maintains the “weight gain” classification.
Piper Sandler found a sudden export ban, as he saw how the H20 chip was designed to meet export control restrictions. Kumar cited a decrease in sales, as well as the silent demand from China to move forward, as the main engines behind this decision.
Elsewhere, Raymond James Srini Pajjurri also reduced its target price on NVDA shares from $ 170 to $ 150, while maintaining a “strong purchase” classification. The analyst added that although China represents about 14 % of the sales of the chip maker, the export restrictions are not completely unexpected, and that Raymond James considers most of the risks that have already been priced.
Finally, Vivek Arya from Bank of America reduced its target price on NVIDIA shares from $ 200 to $ 160, but kept the “purchase” classification. The company identified the tariff scenario – which is moderate and severe. In the first case, you expect that semiconductor sales will be seen 4 % to 6 % – in the last case, sales are expected to decrease by 9 % to 12 %. In the modest scenario, Bofa estimates that the profits of one arrow (EPS) can witness a 12 to 13 % success
With all that has been said and did, these upcoming expectations are still. Compared to the current prices, Piper Sandler and Raymond James are 43.28 %. The revised Bofa price goal means an increase of 52.83 %.
Others likely follow their example – the most logical expectation is that the Wall Street will keep upward expectations in the long run, albeit with expected height.
Distinctive image via Shutterstock
