For the first time in 10 years, AMD received a Buy rating from research firm Bernstein. This means that the specialists of this company recommend AMD shares for purchase.
Analysts at Bernstein have set a target price for AMD shares at $150. This is despite the fact that at the moment they are trading at a price of about $115.
Bernstein analyst Stacy Rasgon also upgraded AMD stock from Market Perform to Outperform. In addition, Ragson admitted that it was AMD that turned out to be the biggest missed opportunity for Bernstein. In this case, it means that analysts at one time did not believe in the potential of AMD and could not earn on the growth of the company’s shares. For comparison, a year ago, AMD securities were worth about $70-80.
Our calculations show that the company’s annual revenue could be hundreds of millions of dollars above current expectations.
In addition, Ragson stated that he believes AMD processors are already on par with Intel CPUs.
Source: ixbt
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