BMO Capital Upgrades AMD (AMD) to Outperform

July 14, 2022 5:08 AM EDT
Get Alerts AMD Hot Sheet
Price: $59.31 -12.59%

Rating Summary:
    37 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 9 | New: 24
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BMO Capital analyst Ambrish Srivastava upgraded AMD (NASDAQ: AMD) from Market Perform to Outperform with a price target of $115.00 (from $100.00).

The analyst comments "We are raising our rating on shares of AMD to an Outperform from a Market Perform. There is no going back for customers to the old days of when AMD's share would be capped. We see a sustainable compute franchise as a result of continued superior execution on all fronts under Dr. Su's leadership. We are hearing of continued momentum from our work around the industry, and see AMD's server share continuing to expand. We are lowering estimates, some due to near-term headwinds, but are raising our target to $115 from $100."

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 $77.52 yesterday.

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