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Fly News Breaks for February 11, 2020
AMD
Feb 11, 2020 | 08:37 EDT
RBC Capital analyst Mitch Steves raised his price target on AMD to $63 and kept his Outperform rating, citing its upcoming Analyst Day on March 5th as a "notable" potential catalyst. The analyst expects the company's financial targets to include gross margins in high 40s and the implied expected FY21 EPS "well north" of $2 per share, along with a forecast for a path to 30% market share in CPU servers. Steves further raises his FY21 EPS view by 35c to $2.10, which he states is one of the highest estimates on the Street.
News For AMD 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.