AMD (AMD) Analyst Day Preview - Stifel

June 6, 2022 6:43 AM EDT
Get Alerts AMD Hot Sheet
Price: $64.14 -6.17%

Rating Summary:
    37 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 11 | New: 34
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Stifel analyst Patrick Ho reiterated a Buy rating and $197.00 price target on AMD (NASDAQ: AMD) ahead of the company's Analyst Day, this Thursday where the analyst expects the company to highlight emerging market opportunities in the data center that will drive additional capacity expansion.

The analyst stated "we believe data center growth will be one of the key catalysts for continued capacity expansion over the next several years, supporting our secular thesis on the equipment and related-group. Not only are we seeing capacity expansion for leading-edge foundry/logic devices, but the demand requirements for memory will also dictate additional capacity expansion over time. Moreover, advanced memory will be needed (both DRAM and NAND) to support this data center-related build out. Trailing-edge devices will also require additional capacity expansion, and not simply to support current supply shortage, but also long-term demand needs."

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 $106.30 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities