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AMD

AMD

$91.78 /

-3.59 (-3.76%)

, INTC

Intel

$56.95 /

+3.7 (+6.95%)

04:58
01/14/21
01/14
04:58
01/14/21
04:58

AMD downgraded to Underperform from Market Perform at BMO Capital

BMO Capital analyst Ambrish Srivastava downgraded AMD (AMD) to Underperform from Market Perform with a price target of $75, down from $80. The "richness of experience" that Pat Gelsinger brings from his prior tenure at Intel (INTC) as well as his experience running VMware (VMW) makes him the right person who can address the "daunting, but not insurmountable challenges" that Intel faces, Srivastava tells investors in a research note. Conversely, AMD has done a "tremendous job" under its CEO, and the stock's valuation reflects the "near flawless execution under her watch," says the analyst. However, Srivastava thinks a large part of AMD's "rich valuation is also attributable to how poorly Intel has executed." The analyst's scenario analysis suggests that AMD's share gains in servers should moderate out in 2022. Thus, consensus estimates will prove to be optimistic, says Srivastava.

AMD

AMD

$91.78 /

-3.59 (-3.76%)

INTC

Intel

$56.95 /

+3.7 (+6.95%)

VMW

VMware

$133.30 /

-9.5 (-6.65%)

  • 21

    Jan

  • 26

    Jan

AMD AMD
$91.78 /

-3.59 (-3.76%)

01/13/21 Citi
Citi opens positive catalyst watch on Intel, boosts target to $55 after CEO news
01/13/21 RBC Capital
Buy AMD into earnings given pullback after Intel announcement, says RBC Capital
01/13/21 Rosenblatt
AMD CEO's CES keynote 'strong,' says Rosenblatt
01/13/21 Piper Sandler
AMD price target raised to $110 from $100 at Piper Sandler
INTC Intel
$56.95 /

+3.7 (+6.95%)

01/13/21 Credit Suisse
Intel price target raised to $80 from $65 at Credit Suisse
01/13/21 JPMorgan
Intel CEO pick, 7nm progress positives, says JPMorgan
VMW VMware
$133.30 /

-9.5 (-6.65%)

01/13/21 BMO Capital
VMware downgraded to Market Perform from Outperform at BMO Capital
01/13/21 JPMorgan
Dell selloff on VMware CEO change news a buying opportunity, says JPMorgan

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