Five years ago, chip maker AMD was bleeding money, laden with debt and staring down a potential bankruptcy. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. We expect server share gains to accelerate as cloud & enterprise customers become more familiar with EPYC.”The U.S. counted more than 1,400 deaths from the coronavirus illness COVID-19 on Wednesday, boosting the total to more than 150,000, as Florida, California, North Carolina and Idaho all recorded record single-day totals, in the latest sign the pandemic is far from contained.Advanced Micro Devices Inc. believes the revenue growth that has sent its stock soaring in recent years will accelerate in the coming years, but the stock’s growth may have already priced in that advance, analysts wrote Friday morning.Bernstein analyst Stacy Rasgon, who maintained a market perform rating and a $40 price target, was a little less optimistic. Jefferies analyst Mark Lipacis, who has a buy rating and raised his price target to $60 from $58, said he feels AMD is being conservative about when it comes to data-center sales seeing the company’s second-generation Epyc chips were just launched in August.“The debate continues to be mostly around valuation, with the stock already trading at over 20x the company’s 2023 EPS targets — and while there could certainly be upside to that target, we’re inclined to see upside/downside as fairly balanced that far out, given the challenges of predicting share in any of these segments beyond 12 months, and the large resources and incumbency advantages from competitors Intel and Nvidia,” Moore said.Of the 38 analysts who cover AMD, 15 have buy or overweight ratings, 20 have hold ratings and three have sell or underweight ratings. At least seven financial analysts raised their price targets on AMD stock after hearing the presentation, according to FactSet, while at least two decreased their targets.

Most stock quote data provided by BATS. Follow Wally on Twitter at: @wmwitkowski.Atlantic Equities analyst Ianjit Bhatti upgraded AMD to overweight and raised his price target to $60 from $37, noting that “our analysis indicates that AMD’s chiplet technology provides it with a significant cost advantage in manufacturing, limiting any impact.“Additionally, it relies on significant growth across every aspect of the business over a multiyear period, requiring sustained if not accelerated performance going forward all while even AMD seems to expect the competition to potentially narrow the gap over time (suggesting gains need to accelerate while their window possibly tightens),” Rasgon wrote.Morgan Stanley analyst Joseph Moore, who has an equal-weight rating and a $42 price target, also said that “good news seems priced in for now,” and that the company “avoided updating server targets with specificity.” See what's happening in the market right now with MarketBeat's real-time news feed. The high price target for BP is $53.00 and the low price target for BP is $26.00. U.S. trade deficit in goods narrows in June as exports rebound Eastman Kodak's stock soars 83% in premarket, after rocketing 203% on Tuesday Then Lisa Su took the helm. Get short term trading ideas from the MarketBeat Idea Engine. ET by Tomi Kilgore. He previously reported for trade publications in covering the drug and medical-device industries back to 1998. Export data to Excel for your own analysis.Please log in to your account or sign up in order to add this asset to your watchlist.You have already added five stocks to your watchlist. 1 Wall Street analysts have issued ratings and price targets for YRC Worldwide in the last 12 months. AMD stock price target raised to $70 from $50 at Deutsche Bank. After factoring in many of the changes Friday morning, FactSet reported an average price target of $49.84, up from $48.50.“Applying the 15% CAGR, we expect 2023 data center [total addressable market] to be $47bn vs. AMD’s expectation of $35bn,” Lipacis said. Of AMD’s implied earnings guidance in the area of $2.50 a share by 2023, Rasgon said “we suspect most bulls in the stock were already there, and probably a year or so earlier (hence we are unconvinced that it necessarily provides a strong catalyst for significant upside with the shares in the ballpark of $50).”“We are a bit disappointed AMD did not provide a new rev.

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