AMD: Right On Target
AMD updated their long-term financial targets at Financial Analyst Day 2020 to levels supportive of higher stock prices.
The company guided to >20% revenue growth and 25% operating margins eliminating a long-held investor view of limited profits.
The conservative outlook is for 2023 revenues of $15.0 billion and 2024 revenues at $18.0 billion suggesting revenues doubling from 2020 levels.
My long-term model has an $18.75 billion revenue target (25% market share) and a $3.72 EPS.
On March 5, Advanced Micro Devices (AMD) held their Financial Analyst Day for 2020. Despite the DJIA dipping nearly 1,000 points on the day and the COVID-19 fears spreading around the globe, the management team stayed focused on the long term.
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