There are 41 analysts covering AMD, and 30 have a Buy or Strong Buy rating. The other 11 rate the stock at Hold. At a recent price of around $75.40 a share, the upside potential to a median price target of $85.00 is 12.7%. At the high price target of $200.00, the upside potential is 165%.
Consensus estimates call for third-quarter revenue of $5.52 billion, which would be down 0.9% sequentially and up 14.3% year over year. Estimated adjusted EPS of $0.67 would be flat sequentially and down 27.2% year over year. For the full 2022 fiscal year, analysts’ consensus estimates call for EPS of $3.50, up 25.5%, on revenue of $23.52 billion, up 43.1%.
AMD stock trades at about 21.5 times expected 2022 EPS, 20.8 times estimated 2023 earnings of $3.62 and 16.0 times estimated 2024 earnings of $4.71 per share. The stock’s 52-week trading range is $54.57 to $132.96. AMD does not pay a dividend, and total shareholder return over the past year is negative 26.5%.
Snap
Like most tech stocks, shares of Snap Inc. (NYSE: SNAP) have gotten a boost since the beginning of the year. The stock is up nearly 22% so far in January. Over the past 12 months, however, shares are down more than 61%. The company faces stiff competitive challenges from TikTok, YouTube Shorts and Meta Reels in the short-form video space, and no one expects Snap to emerge on top. Toss in Netflix’s ad-supported tier, which reported big numbers earlier this month, and Snap could be in deep trouble.
Snap stock is covered by 42 brokerages. Analysts are cautious, with 31 having a Hold rating and eight with a Buy or Strong Buy rating. At a share price of around $11.00, the stock trades above its median price target of $10.00 is 62%. At the high price target of $27.00, the upside potential is 145%.
Fourth-quarter revenue is forecast at $1.31 billion, up 15.7% sequentially and less than 1% higher year over year. Analysts are looking for an adjusted EPS of $0.12, up 49.2% sequentially but 45.5% lower year over year. For the full 2022 fiscal year, consensus estimates call for EPS of $0.14, down 71.4%, on sales of $4.61 billion, up 12%.
Snap stock trades at 76.2 times expected 2022 EPS, 31.0 times estimated 2023 earnings of $0.35 and 19.3 times estimated 2024 earnings of $0.57 per share. The stock’s 52-week range is $7.33 to $41.97. Snap does not pay a dividend, and total shareholder return for the past year was negative 61.45%.
Originally published at 24/7 Wall St.
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