MKM Partners raised its price target on AMD (NASDAQ: AMD) to $14.50 (from $13.00) while maintaining a Neutral rating ahead of the company's 4Q earnings report. Recent positive data points around the PC, server and cryptocurrency mining markets suggest that AMD could be positioned to deliver stronger December quarter results and March quarter outlook relative to consensus estimates.

Forecasts for 2019 revenue and EPS are $6.48 billion and $0.55, implying approximately 10% revenue growth and 45% earnings growth versus 2018. Estimates are roughly in line with consensus.

Analyst Comments Analyst EPS Change Analyst PT Change

AMD (AMD) PT Raised to $13 at Bernstein on Q4 Report; 'Revenues Growth Continues... Strong Ryzen Desktop Demand'January 31, 2018 8:49 AM AMD (AMD) PT Maintained at $20 at Baird on 4Q Beat; 'Meaningful Leverage from Upcoming Share Gains in PC & Servers Should Drive Significant EPS Growth'January 31, 2018 8:21 AM AMD (AMD) PT Raised to $13 at Macquarie on 4Q Report; 'Topline Solid... Strong Cryptocurrency Mining Demand'January 31, 2018 6:29 AM AMD (AMD) PT Raised to $7 at Citi on 4Q Beat; 'Solid Results & Higher Guidance... Lofty Valuations Concern Us'January 31, 2018 6:27 AM Advanced Micro Devices (AMD) weekly volatility increases into Q4January 26, 2018 11:11 AM