NVIDIA Corp. (NVDA)-Bull of the day

NVIDIA Corp. (NVDA) is the world leader in visual computing technologies. The company reported decent numbers for the fourth quarter, but is optimistic about its long-term growth with the gradual recovery of the application of graphics chips.

In addition, the company rolled out the first quad-core mobile processor. The company has also received $ 1.5 billion in a license agreement with Intel Corp. that extends for six years.

The stock has traded in a final twelve month p/e of 36.3 x and going forward we expect to trade around this many. We have upgraded to Outperform NVDA and set a target price of $ 31.00, representing a p/e of 27.1 x our estimated 2012 EPS.
NVIDIA CORP. (NVDA): Free Stock Analysis Report
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