AMD Stock Is a Winner, But How Much Higher Can It Go?
Advanced Micro Devices’ (AMD) stature has substantially increased
over the past several years. The chipmaker has released some great
products which have eaten into its traditionally bigger rivals’
dominance. In tandem, the stock has outperformed and left analysts
scrambling for the upgrade button. The relentless forward march has
continued during the pandemic, too, with shares up by 107%
year-to-date. However, one top Wall Street analyst is standing
firmly on the sidelines. Northland analyst Gus Richard believes the
Street’s CY21 estimates for AMD are simply too high. “We normally
model to be in-line with consensus but can't get there in the case
of our AMD's CY21 estimates,” the 5-star analyst said.