AMD (AMD) PT Raised to $14.50 at MKM Partners Ahead of 4Q Report

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.

You May Also Be Interested In

• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
• UBS Reiterates Buy Rating on General Motors (GM) as Defense Opportunity in Focus