ຮຸ້ນຂອງ Advanced Micro Devices Inc (NASDAQ: AMD) closed nearly 9.0% up on Tuesday after Piper Sandler turned bullish on the multinational semiconductor company.
Harsh Kumar sees upside to $140 in AMD shares
Analyst Harsh Kumar upgraded AMD to “overweight” this morning with a price target of $140 that represents a 40% upside from here. Defending his call on CNBC ຂອງ "ການແລກປ່ຽນ", ລາວເວົ້າວ່າ:
Our thesis was that PC sales will slow down and Xilinx acquisition wouldn’t be materially impactful. But AMD is navigating those headwinds and Xilinx turned out to be good for it. Plus, the stock’s come down, now trading at a forward multiple of just 20.
Earlier this month, the California-based company reported ຜົນການຕີຕະຫຼາດ for its fiscal Q1 and raised its full-year guidance. The stock is down more than 30% for the year.
AMD is hedged against macro headwinds
The Piper Sandler analyst agrees that consumer slowdown as the U.S. central bank ສືບຕໍ່ເຄັ່ງຄັດ the monetary policy continue to be a headwind, but says AMD is fairly hedged against both.
AMD made a big pivot towards commercial PCs that are not susceptible to retail slowdown. Secondly, the console business will be a very good grower this year. Server business has always been strong. And Xilinx is a nice cap on the stock.
Harsh Kumar is now bullish on the semiconductor space at large. As of last week, the VanEck Semiconductor ETF has started to recover, now up more than 10% versus the low on May 12th.
ຕໍານານ Piper Sandler: ຮຸ້ນ AMD ສາມາດເພີ່ມຂຶ້ນ 40% ປາກົດຕົວຄັ້ງທໍາອິດ Invezz.
Source: https://invezz.com/news/2022/05/17/piper-sandler-amd-shares-could-jump-40/