Winning AMD Stock Forecast

AMD’s Ryzen Close Up. By Fritzchens Fritz from Berlin (via WikiMediaCommons/Public Domain)

Advanced Micro Devices Inc. (AMD) went from a company that was once in fair amount of trouble, to a competitor against giants Nvidia and Intel. Shares have been seeing a continuous rise, reaching a 12-year high. The stock rose 200% this past month alone. AMD’s Ryzen microprocessors can take a fair amount of credit for this success. That along with quality leadership with Lisa Su as CEO. Ryzen outperforms competitor Intel’s comparable chips, and at a lower price. The same outperformance can be seen for EPYC against the likes of Intel’s Xeon, and notably so. Since AMD’s launch of EPYC processors last year, they have gradually gained share within the server market space. They are also set to launch next-generation 7 nanometer products soon, well ahead of their competitors which aren’t scheduled to drop until 2020. This gives AMD a window to take a hold of even more market share in the coming year. Their avoidance of certain security issues that have hit competitors in recent moths may have been yet another factor in their recent uprise. Ryzen and EPYC, which brought this company back to life, are getting a ramp, which should be a good sign to shareholders. The company is optimistic about a 20% share in the desktop market, up to 40% in 2019, driven by Ryzen chips. It is also notable that AMD’s market is growing, and this means though it may have healthy competitors, their presentation of solid product may be gaining them a more solidified position in the market. They supply rapidly growing markets like smartphones, data-centers, AI, AR/VR, self-driving, automation, etc. The total addressable market (TAM) took a massive jump from $18.5 billion to $22.5 billion, which only helps a company like AMD grow, as long as they keep delivering great product.

AMD saw an impressive second quarter, with a revenue of $1.76 billion, a 53% rise year-over-year. It also reported its highest quarterly net income in seven years. Earnings per Share (EPS) increased by 700% from the previous-year quarter, and 50% from Q1 2018.

On September 18, Mizuho increases its AMD (NASDAQ:AMD) price target from $20 to $36

On the next day, Morgan Stanley reiterates an Underweight rating on AMD (NASDAQ:AMD) but increases the price target from $11 to $28

On September 20, Stifel increases its AMD (NASDAQ:AMD) price target from $21 to $38 citing strong demand for the company’s new products

Two day ago Jefferies reiterates its Buy rating and raises its AMD (NASDAQ:AMD) price target from $30 to $36.

I Know First was one of the first to give AMD a bullish outlook via our stock forecasting algorithm. On June 10 we publish this bullish outlook for AMD detailing 3 driving forces for this bullish outlook

AMD is up 97% since this bullish forecast

(Source: Yahoo Finance)

A week before these mulitply upgradings we issued this bullish short term forecast for AMD:

AMD is with 19% gain since this bullish short term forecast

(Source: Yahoo Finance)

Current I Know First subscribers received this bullish AMD forecast on September 9th, 2018.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company’s products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It provides x86 microprocessors for desktop PCs under the AMD Ryzen, AMD Ryzen Pro, Threadripper, AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; microprocessors for notebook and 2-in-1s under the AMD Ryzen processors with Radeon Vega GPUs, AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brands; and microprocessors for servers under the AMD EPYC and AMD Opteron brands. It also offers chipsets under the AMD brand; discrete GPUs for desktop and notebook PCs under the AMD Radeon and AMD Embedded Radeon brand; professional graphic products under the AMD Radeon Pro and AMD FirePro brands; and customer-specific solutions based on AMD’s CPU, GPU, and multi-media technologies. In addition, it provides embedded processor solutions for interactive digital signage, casino gaming, and medical imaging under the AMD Opteron, AMD Athlon, AMD Sempron, AMD Geode, AMD R-Series, G-Series, and AMD Embedded Radeon brands; consumer graphics under the AMD Radeon brand; and semi-custom SoC products. It serves original equipment and design manufacturers, datacenters, system integrators, distributors, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Santa Clara, California.