Nomura Securities on AMD (AMD): Stock Becoming Interesting After Recent Traction From Samsung Notebooks
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Price: $4.05 +1.00%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AMD Now!
Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target of $8.00.
Analyst, Romit Shah, said, "We believe AMD’s recent traction in Samsung’s premium notebooks is significant in that it’s the first time the company has been designed into the $699+ price band. It is also a data point that contradicts the widely held belief that AMD is poorly positioned with the emergence of Ultrabooks. The stock is interesting considering that it is down 35% over the past three months and trades at 0.7x EV/sales (0.5x trough). That said, we see meaningfully risk to consensus estimates 8% growth in Q3 and 5% growth in Q4."
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.44 yesterday, with a 52 week range of $4.31-$8.35.
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Analyst, Romit Shah, said, "We believe AMD’s recent traction in Samsung’s premium notebooks is significant in that it’s the first time the company has been designed into the $699+ price band. It is also a data point that contradicts the widely held belief that AMD is poorly positioned with the emergence of Ultrabooks. The stock is interesting considering that it is down 35% over the past three months and trades at 0.7x EV/sales (0.5x trough). That said, we see meaningfully risk to consensus estimates 8% growth in Q3 and 5% growth in Q4."
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.44 yesterday, with a 52 week range of $4.31-$8.35.
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