Jefferies analyst Mark Lipacis raised his price target for AMD (AMD) to $16 from $13 citing better visibility into the Ryzen 7 high-performance and Ryzen 5 power-performance desktop processor launch. The chipmaker closed Friday down 16c to $13.49. As AMD continues to roll out its Ryzen product offerings, incremental share gains will continue to expand in the near term, Lipacis tells investors in a research note. He believes the company's "ability to price between-the-seams" while achieving competitive performance will result in "meaningful" share gains from Intel (INTC) in the Desktop, Server, and Notebook markets starting in 2017. The analyst upped his estimates for AMD and keeps a Buy rating on the shares.

TD Cowen raised the firm's price target on AMD to $200 from $185 and keeps a Buy rating on the shares. The analyst expect data center strength and "well-known softness elsewhere" when AMD reports Q1 results. The firm sees AMD as generating upwards of $10.00 in earnings per share by 2027, or a nearly 40% annual growth off of 2023. TD increased its MI300 2024 revenue estimate to $4.5B from $4B, saying ramps at several customers will continue to happen more quickly than typical. AMD remains one of its top picks.