"Summary
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."
Source: SeekingAlpha
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."
Source: SeekingAlpha
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