As investors debate whether to buy, hold or sell U.S. chipmaker Nvidia , one value investor is steering clear. "Nvidia is a great company with really good short- and intermediate-term prospects," David Katz of the U.S.-based investment advisory firm Matrix Asset Advisors told CNBC's "Street Signs Asia" on Thursday. "The issue that we have with Nvidia is that we think the stock is fully priced.
"Right now, technology stocks are selling at 30 and 40 times earnings. The markets are at 22 times earnings. So you're getting Cisco at a much, much better price." According to FactSet data, of 28 analysts covering the stock, 7 give it a buy or overweight rating while 21 have a hold call. Their average price target is $53.51, which implies a potential upside of around 14%.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »