Wednesday, July 18th 2018
AMD Shares to Jump 25% in Wake of PC Market Growth: Stifel
Analyst Kevin Cassidy, responsible for AMD shares rating with Stifel, has revised expected AMD growth in the wake of expected (and already verified) PC market growth. Following the news at the end of last week, AMD shares jumped by 5% on Friday, and increased by another 2% on Monday. This marks an increase of 61.3% YTD (year-to-date.) Looking at this trend, the analyst increased his 12-month price target on the stock to $21 from $17, a nearly 27% upside from Monday close.The upside rides on expected sales increase for AMD's EPYC models, and considers an expectation of some 5% captured market share for the server business in Q4 2018, as well as an expected gross profit margin increase in Q3 to 37.7% (compared to 37% in Q2).
Source:
Investopedia
"We expect AMD to benefit from the stronger than expected results, especially given the trends for enterprise, gaming, and high-end notebooks, all markets in which AMD has improved its competitive position through its Ryzen processors."
Kevin Cassidy, Stifel
15 Comments on AMD Shares to Jump 25% in Wake of PC Market Growth: Stifel
now if you please fix your GPU department, you're golden
Let's hope they can keep this up and its not an inflated number.
Unfortunately, my stock-value knowledge is about several tech-companies only and nothing else :)
I just for the first time went to stocks of Intel/AMD on a timeline yesterday and went back 30 years and Intel has had some pretty big fluctuations at times, in mid 2000's when AMD crushed them with FX-55 etc series and Intel had netburst crap p4's AMD spiked and Intel was down to where AMD is about now, whereas right now Intel is worth around 50 bucks a share but they were at almost 53 and their CEO was caught fucking a coworker and was ousted plus their CPU's now are being challenged so I expect their stock to dip. Unless they come out with serious counter punch to AMD's 32 core and down Threadrippers unless the market buys Intel on name alone they are overvalued in my opinion and will slip further before bottoming out. My prediction anyway, also I do NOT think it's too late or even close to invest in AMD, recent low was around 10 bucks 3 years ago I think and still they are "only" at 16'ish so they have a lot of potential to grow especially where they are back in the black. Earnings come out soon I read and I think that is all investors are concerned about and I can't imagine the earnings aren't good this quarter unless management really screwed up controlling costs/budgets etc.