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Why Are Analysts Raising Their Earnings Estimates for AMD?

Paige Tanner
Updated
Why Are Analysts Raising Their Earnings Estimates for AMD?

Stifel’s analyst Kevin Cassidy raised his price target for Advanced Micro Devices (AMD) from $14 to $17 due to strong demand in the PC, graphics, and server markets. He even raised this year’s non-GAAP (generally accepted accounting principles) EPS estimate for AMD from $0.47 to $0.50, up 194% YoY (year-over-year) and higher than the consensus estimate of $0.46. Cassidy also raised his 2018 revenue estimate for AMD from $6.65 billion to $6.73 billion, up 26% YoY and higher than the consensus estimate of $6.7 billion.

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