Nvidia (NSADAQ:NVDA) getting some help from analysts this morning. After posting better than expected second quarter earnings and guidance late yesterday, Barclays, Jefferies, Deutche Bank and many other firms raised their price targets on the stock.
Nvidia posted an EPS of 27 cents, well above the analyst estimate of 14 cents a share. The surprise investors liked the most those was the company's third quarter revenue guidance, which was changed to a range of $1.15 billion to $1.25 billion. Analysts are calling for just $1.09 billion in revenue.
Shares of the company were up in after hours yesterday and up as much as 4% in the premarket. But the stock has since retreated, brought down almost a half a percent by other tech stocks such as Yahoo and Research in Motion.