IB Net Payout Yields Model

AMD: Shift Up To The Next Level

AMD might've slightly missed Q3 revenue targets, but the company confirmed a long-term bullish trend.
Investors should focus on the Q4 revenue growth of 48% and annual run rate of $8.4 billion.
The stock only trades at 20x a 2020 EPS target of $1.75.
A realistic 2021 EPS target of $2.50 would help the stock achieve a $50 price target next year using a 20x P/E multiple.
The stock didn't initially rally following Q3 results, but Advanced Micro Devices (AMD) generated the results and guidance reinforcing our investment thesis that the stock hasn't reached full value. While the market was focused on a slight revenue miss, AMD is poised to see revenues trend much higher over the next couple of years driving the stock price even higher.
Read the full article on Seeking Alpha. 
More commentary - OutFoxThe$treet - November 5
Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Comments

Popular posts from this blog

Aurora Cannabis: Deal Or No Deal

C3.ai: Out Of Steam (Rating Downgrade)

Archer Aviation: Promising Developments