Nvidia Corp. (NVDA) shares tanked Friday after missing estimates on every essential factor in its third quarter. Now, several analysts have cut their price targets on the semiconductor giant. 

The stock fell 19% to end the day at $164.43 a share.

Earnings were an adjusted $1.84 a share, below analysts' expectations of $1.93, on revenue of $3.18 billion, compared to expectations of $3.24 billion. 

Goldman Sachs analysts cut their price target to $200 a share, and even removed the name from its conviction list.

"We remove NVDA from the Conviction List with an updated 12-month price target of $200," the analysts wrote in an note on Friday.

While much of Nvidia's sales miss was attributable to falling demand for crypto chips, the gaming unit also fared below expectations. "We underestimated the magnitude of the channel inventory build in mid-range Gaming GPUs," the Goldman analysts wrote. Nvidia is still a "buy" to Goldman, as the share price of $163 looks attractive against Goldman's $200 target. 

Needham & Co. analyst Rajvindra Gill lowered his price target to $225. "We are lowering our price target to $225 (vs. $350) following a 21% miss on the guidance related to cryptocurrency overhang and a seasonal decline for Nintendo Switch," Gill wrote. 

BMO Capital Markets analyst Ambrish Srivastava slashed his price target to $175 from $225, citing what he thought was a significant surprise to the downside.

"The large shortfall in guidance due to a bloated channel due to crypto-currency is in sharp contrast to the comments around channel inventory from the company at the last earnings call," Srivastava said. 

Nvidia, which was a holding of Jim Cramer's Action Alerts PLUS portfolio, fell out of favor with Cramer earlier this quarter, as the AAP team sold its entire position in the stock before its miserable October. Cramer had called it correctly, saying Nvidia would miss estimates in the third quarter. 

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