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Home / Technology / Cowen Raises AMD for Better Positioning – Advanced Micro Devices, Inc. (NASDAQ: AMD)

Cowen Raises AMD for Better Positioning – Advanced Micro Devices, Inc. (NASDAQ: AMD)



Cowen raises its price target for AMD (NASDAQ: AMD) from $ 28 to $ 33, raising confidence in its competitive position over Intel (NASDAQ: INTC).

The company expects that product entry in the near future in H2 will be the first sign of long-term EPS and earning power.

Cowen believes that AMD can have a much larger share of 7nm x86 PCs and CPU TAMs.

Keep rating on Outperform.

AMD Expected to Post Profit in April 24. Analysts estimate $ 1.26 billion in revenue at $ 0.06 per share.

AMD shares rose 0.9% to $ 27.49.


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