Nvidia Is A Buy On AI As IBM ‘Outgunned’; Grubhub Touted Despite Amazon

Nvidia (NVDA) was upgraded to buy on data center growth powered by artificial intelligence processing, IBM (IBM) had its price target cut on competition in AI recruiting, and Grubhub (GRUB) was upgraded despite growing competition from UberEats and Amazon.com (AMZN). Nvidia XAutoplay: On | Off SunTrust Robinson Humphrey upgraded Nvidia to buy from hold, with a price target of 177. Shares in Nvidia rose 1.2% to 157.76 just after the opening bell in the stock market today. SunTrust analyst William Stein expects EPS upside from the high-end of the data center market, where Nvidia has challenged Intel (INTC), as well as gaming and automotive end markets. Nvidia’s artificial intelligence. RELATED: Nvidia Target Hiked On ‘Tectonic Shift,’ Intel Has ‘Most To Lose’; HP, PayPal Upgraded Grubhub Cowen & Co. upgraded Grubhub to outperform from market perform with a price target of 54. Shares jumped 2% to 44.44 in morning action, vaulting the online delivery website back above its 50-day line. Cowen analyst Thomas Champion forecast 22% annual revenue growth and 28% EBITDA growth for Grubhub from 2017 to 2022. “Our consumer usage survey suggests 34% of online delivery customers use Grubhub, nearly 70% ahead of the second most-used individual service. Other providers include UberEats at 20%,…

Link to Full Article: Nvidia Is A Buy On AI As IBM ‘Outgunned’; Grubhub Touted Despite Amazon

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