AMD (AMD) Estimates Raised Above the 60% Growth Guidance at Cowen

October 13, 2021 7:23 AM EDT
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Price: $123.86 +0.76%

Rating Summary:
    33 Buy, 18 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 18
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Cowen analyst Matthew Ramsay reiterated an Outperform rating and $120.00 price target on AMD (NASDAQ: AMD) and raised estimates \above AMD's +60% Y/Y guidance on higher DC GPU/console revenue in 2H. Consensus estimates already include strong server growth and robust PC sales but Xilinx could be the next catalyst.

The analyst stated "Even after raising 2021 growth guidance to 60% from 50% on the 2Q21 earnings call, we see upside to numbers from continued PC strength and server sales momentum and upside from DC GPUs/consoles. To be clear, we believe AMD has the capacity to deliver modest upside, which would have been higher should incremental supply have been available."

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 $105.04 yesterday.

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