AMD: Time to Release the Bulls, Says Analyst

TipRanks2022-11-16

Last week, Advanced Micro Devices officially launched its 4th generation EPYC Genoa server processors and the early feedback from the market seems highly promising.Baird analyst Tristan Gerra has been...

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Heng08
2022-11-16
Heng08
Ok

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The company will launch its RDNA 3 (RX 7900 XTX, RX 7900 XT) chiplet-based GPUs on December 13, and the cost savings and “competitive price points” enabled by the chiplet architecture against Nvidia's RTX40 series could see AMD gain share. This is particularly relevant when considering the current “price sensitive customer demand environment.”Elsewhere, Gerra’s supply chain checks indicate that with ongoing supply constraints and “strong, above -seasonal demand with visibility extending through 1H23,” Xilinx products’ are also generating plenty of interest.The slew of positive developments is enough for Gerra to change tack on all things AMD. The analyst upgrades his rating from Neutral to Outperform (i.e., Buy), while boosting the price target on AMD to $100 (from $65). As such, Gerra now sees the shares delivering returns of 31% in the year ahead.Most analysts agree although not all are ready to turn quite as bullish; AMD claims a Moderate Buy consensus rating, based on 20 Buys vs. 7 Holds. At $83.14, on average, the analysts predict a 12-month upside of ~9%.To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9963973437,"gmtCreate":1668577825530,"gmtModify":1676538079178,"author":{"id":"4088201880010570","authorId":"4088201880010570","name":"Heng08","avatar":"https://community-static.tradeup.com/news/505153f04c3a6654891a2cb833a63f89","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4088201880010570","authorIdStr":"4088201880010570"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963973437","repostId":2283242593,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":42,"commentSize":1,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2283242593"}