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Fly News Breaks for February 14, 2020
NVDA, AMD
Feb 14, 2020 | 07:12 EDT
RBC Capital analyst Mitch Steves raised his price target on AMD (AMD) to a Street-high $66 with an Outperform rating following the better than expected results from Nvidia (NVDA), which suggest that the overall gaming and data center market is healthy. The analyst is positive on the investments made by AMD that should "pay off over the next 12 months and beyond."
News For AMD;NVDA From the Last 2 Days
AMD
May 17, 2022 | 12:43 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
AMD
May 17, 2022 | 04:44 EDT
Piper Sandler analyst Harsh Kumar upgraded AMD to Overweight from Neutral with a price target of $140, up from $98. The analyst is using the recent share weakness "to get constructive on the name again," saying his downgrade thesis of a slowing PC market and the lack of near-term accretion from Xilinx "doesn't appear to be playing out as expected." AMD's mid-to-long-term catalysts remain intact amid strong server trends, strong semi-custom trends, commercial PC growth offsetting consumer PC exposure, and Xilinx being impactful to growth, Kumar tells investors in a research note. The analyst adds that the company has an upcoming catalyst in its investor day in early June. "Buy good companies when they are down," writes Kumar.