Jefferies analyst Mark Lipacis raised his price target for AMD (AMD) to $36 from $30 after Fubon Research reported this week that demand for x86 micro processing units would outstrip Intel's (INTC) ability to supply by 15% in Q4 and that Intel would likely be supply constrained into Q2 of 2019. Fubon's report leaves the analyst with higher conviction that AMD will report improving revenue, pricing and margins in the near term. AMD is positioned to take share in the high-end PC MPU and server market long term, Lipacis tells investors in a research note titled "INTC Supply Constraints = Multi-Fold Benefits to AMD." The analyst keeps a Buy rating on AMD, which closed yesterday down 3c to $31.18.

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.