AMD for Growth in 2021; FVE to $77; Xilinx FVE to $126
(AMD) reported its fifth consecutive quarter of double-digit revenue growth thanks to broad-based PC, server, and game console strength. Management is confident in the firm’s product pipeline for 2021 and called for 37% revenue growth for the full year. We believe this guidance should be easily attainable, particularly as Intel continues to struggle with its leading-edge manufacturing. we are raising our fair value for no-moat AMD to $77 per share on a probability-weighted basis. We assess AM...
Source: morningstar.com