Analyst Calls NVIDIA (NVDA) 'Crowded Short' Into Q3 Results
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Price: $13.72 -1.29%
Rating Summary:
7 Buy, 15 Hold, 2 Sell
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Rating Summary:
7 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Susquehanna's Christopher Caso calls NVIDIA (Nasdaq: NVDA) a "crowded short" heading into the company's third-quarter report on Thursday, November 10th. As the analyst is not decidedly bullish or bearish (he maintains a Neutral rating on the stock), the basis of the call is to fight the temptation to trade the stock into the results.
Caso believes while there is some risk to NVIDIA's guidance moving forward, he feels downside revisions to estimates are likely already baked into the stock.
Shares of NVIDIA are up about 27 percent since the recent market bottom at the beginning of October.
Stay tuned to StreetInsider.com's EPS Insider portal to get all the late-breaking news on the earnings front.
Caso believes while there is some risk to NVIDIA's guidance moving forward, he feels downside revisions to estimates are likely already baked into the stock.
Shares of NVIDIA are up about 27 percent since the recent market bottom at the beginning of October.
Stay tuned to StreetInsider.com's EPS Insider portal to get all the late-breaking news on the earnings front.
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