0. Beautiful consolidation. Strong stock. Notes to follow. We are long as always.
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PRICE TARGET UPGRADE, $63 FROM $53 AT RBC CAPITAL
AMD price target raised to $63 from $53 at RBC Capital 08:37 AMD 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.
PRICE TARGET UPGRADE, $63 FROM $53 AT RBC CAPITAL
AMD price target raised to $63 from $53 at RBC Capital 08:37 AMD 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.
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