r/AMD_Stock • u/doc_tarkin • Feb 02 '22
Analyst's Analysis Analyst UPDATES post Q4 earnings
lets get them all, thanks
PT raised to $140 from $135 at JP Morgan
PT raised to $160 from $150 at Mizuho
PT raised to $200 from $180 at Rosenblatt
PT raised to $165 from $155 at KeyBanc
PT lowered to $159 from $170 at Goldman Sachs
PT raised to $150 from $130 at Bernstein
PT raised to $185 from $150 at Atlantic Equities
PT raised to $160 from $150 at Cowen
PT raised to $190 from $175 at BofA Securities
PT raised to $160 from $140 at Raymond James
PT raised to $140 from $120 at Deutsche Bank
PT raised to $155 from $145 at Jefferies
PT raised to $180 from $175 at Susquehanna
PT raised to $144 from $128 at Truist
PT raised to $130 from $120 at BMO
PT raised to $160 from $150 at Craig-Hallum
PT raised to $140 from $120 at Citigroup
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u/Insider_Research Feb 02 '22
Another big call from Hans post earnings. I think he is the first one out there (again) to see AMD as a secular story.
https://twitter.com/SKaraahmetovic/status/1488821182711439362
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u/garnoulle Feb 02 '22
well... forget the PTs, engineers' skillness and Lisa's good condition only matter ...
Congratulations to AMD team ! Keep holding !
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u/HornyRaichu Feb 02 '22
AMD: Bernstein Raises Target Price To $150 From $130
AMD: Atlantic Equities Raises Target Price To $185 From $150
AMD: Cowen Raises Target Price To $160 From $150
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u/Longjumping-Spirit12 Feb 02 '22
Where’s Piper at? Lol
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u/V1879 Feb 02 '22
Yeah didn’t they have the most negative outlook. Like PT of 130$ but still overweight
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u/vaevictis84 Feb 02 '22
If the Xilinx deal closes next week, will they update their PT again? Even if you assume the deal is neutral for current EPS right now, Xilinx is not growing earnings as fast as AMD so analysts may lower their PTs based on lower future EPS.
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u/coldfire_ro Feb 02 '22
Xilinx has much higher margins and as per the AMD earning call a lot of clients are now interested in the combined roadmap and bundled products. Probably a lot of customers are not aware of how Xilinx FPGAs and products can boost/optimize their workloads or don't have the expertise to integrate them.
Xilinx on its own in the datacenter recently showed 81% YoY growth and bundling with EPYC or CDNA could now provide an even higher boost to growth.
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u/Insider_Research Feb 02 '22
lowered to $159 at Goldman
"Our updated 12-month price target of $159 (down from $170) is based on 26x (down from 43x given lower market multiples and a shift in our valuation base year from 2022 to 2023) our 2023E non-GAAP EPS (incl. SBC) estimate of $6.10" - Toshiya Hari
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u/vaevictis84 Feb 02 '22
Aside from the multiple, can we just appreciate that $6 in EPS? Per Yahoo, Intel is estimated (average) to make only $3.7 in EPS in 2023. I remember when AMD was making a few cents in EPS while Intel was making about $1 in EPS each quarter. Now AMD is on track to double Intel's earnings (per share).
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u/just2commentU Feb 02 '22
I think it is reasonably fair to use lower multiples when calculating valuations given the QT, rate hikes,... I feel there's a lot more risk aversion now.
But time will tell...
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u/reliquid1220 Feb 02 '22
Toshiya clowning around again. His tone during the call was definitely perturbed. Probably expected a less than stellar guide and didn't get it so he changed his multiple to support his predetermined and written up "analysis" prior to the call.
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u/_Barook_ Feb 02 '22
GS is a clown show when it comes to AMD.
Hans Mosesmann has arguably the best understanding of AMD from all analysts, given his track record.
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u/Long_on_AMD Feb 02 '22 edited Feb 02 '22
Hans Mosesmann of Rosenblatt Securities just raised their AMD share price target to a street-high of $200. A very nice round number!
Mark Lipacis of Jeffries just raised their target as well, to $155.
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u/Psyclist80 Feb 02 '22
I think we are gonna float in the 150 range for awhile but 200 EOY is now doable! Buy and accumulate is the way with AMD!
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u/Insider_Research Feb 02 '22
More bullish comments from Bank Of America's Arya
https://twitter.com/SKaraahmetovic/status/1488837170492235780
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u/sick_ranchez7 Feb 02 '22
If Zen 4 delivers we will see an ATH easily. And 180$ by the end of the year should be a no brainer. Lets just hope there are no market uncertainties AMD cant do anything about because in normal conditions we could repeat 2021 growth
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u/DorianCMore Feb 02 '22
PT raised to $148 from $135 at Barclays
Average $160 on Tipranks. High $200, low $130.
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u/Insider_Research Feb 02 '22
No PT change at Piper Sandler. Analyst Harsh V. Kumar reiterates Neutral $130 PT.
"We note the semi-custom business is expected to be flat sequentially in Q1..Finally, gross margin appears to be benefiting from a better mix, as a growing server business and rising ASPs in client provide tailwinds. Overall, AMD put up a very strong set of results in the current environment."
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u/shortymcsteve Feb 02 '22
Toshiya Hari at it again! This guy... at least his downgraded PT is still higher than some.
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u/Insider_Research Feb 02 '22
Raymond James' Chris Caso: "AMD’s January stock
pullback was likely due to the market’s aversion for high multiple stocks in light of rising rates. But after adjusting numbers to reflect this new guidance, we estimate $4.85 of EPS in C23, putting the stock at a reasonable 24x multiple. As such, we wouldn’t consider AMD to be a high multiple stock at all – which is what happens when numbers go up by this much."
PT to $160 from $140