Wall Street Analyst gave AMD a bullish evaluation for the first time in a decade

In the past period, AMD announced that it has completed the acquisition of Xilinx, and will have a CPU, GPU, FPGA, adaptive SOC product portfolio in the future. After the share conversion, AMD’s market value surpassed that of rival Intel for the first time, achieving a historical leap. Previously, AMD’s CPU market share in x86 reached an all-time high, increasing to 25.6%. At the same time, AMD’s 2021 financial report shows that its revenue continues to climb. It has repeatedly hit new highs, leading to the growth of the semiconductor industry in 2021, and is expected to break through the $20 billion barriers in 2022, exceeding analysts’ expectations.

It can be said that AMD has achieved very good results in the past year. Although Intel released the Alder Lake platform at the end of last year, coupled with its own fab capacity allocation advantages, Intel has regained some lost ground on the consumer side, but it still cannot stop AMD’s strength in the more profitable server/data center market.

According to Wccftech, a report from investment research firm Bernstein shows that its analyst Stacy Rasgon has raised AMD’s target stock price to $150. This saw the analyst upgrade AMD’s rating to Outperform from Market Perform, alongside the aforementioned price target upgrade. In it, the analyst admitted that missing out on AMD was one of his firm’s “biggest missed call” during the time that it has spent on Wall Street.

Stacy Rasgon believes that AMD’s current products are “on par” with Intel’s, attracting a large number of customers. In addition, Bernstein’s data analysis model shows that AMD’s annual revenue may be hundreds of millions of dollars higher than currently expected.