- Stifel raises its AMD (NASDAQ:AMD) price target from $17 to $21, a 29% upside to Friday’s close.
- Analyst Kevin Cassidy cites data showing the Zen-based CPU line tracking in-line to slightly above guidance.
- Cassidy says the Epyc server CPU is “gaining traction ahead of consensus expectations for 5% unit market share exiting 4Q18.”
- The analyst thinks AMD can grab PC and server CPU from Intel (NASDAQ:INTC) throughout next year and deliver higher revenue growth.
- AMD shares are up 1% premarket to $16.44.
- Intel shares are up 0.2% premarket to $52.31.