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Fly News Breaks for January 24, 2020
AMD, INTC
Jan 24, 2020 | 08:07 EDT
BofA analyst Vivek Arya reiterated his Buy rating on Intel (INTC) and raised his price target on the stock to $75 from $70 following the company's report of "record results" and issuance of a 2020 outlook that he believes "derisks the model" as it allows room for increased competition and a gradual ramp of new products. The consensus view is "fixated narrowly on AMD competition" and underappreciates the expanding size of the computing pie, contends Arya.
News For INTC;AMD From the Last 2 Days
AMD
Apr 18, 2024 | 08:56 EDT
AMD
Apr 18, 2024 | 07:16 EDT
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.
