AMD (AMD) PT Raised to $155 at Jefferies

Jefferies analyst Mark Lipacis raised the price target on AMD (NASDAQ: AMD) to $155.00 (from $145.00) while maintaining a Buy rating.

The analyst commented, "4Q / 1Q EPS were 21% / 31% above consensus, and 1Q22 GM guided to increase 20/450 bps QQ/YY. FY 2022 revs guided at 31% YY vs Street at 17% YY. After ~600bps of server CPU revenue share gains in 2021, we expect another 200-300bps in server share gains in 1Q22 as AMD DC revs estimated to increase ~14% QQ vs INTC DC declining ~7% QQ. We believe its next gen server significantly increases its ASPs due to much higher core
counts. Reiterate Buy and raise PT to $155."

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