KEY POINTS
  • Jefferies raises its price target to $36 from $30 for AMD shares, predicting big market share gains for the chipmaker due to Intel's processor shortages.
  • "Assuming our assessment of AMD's transistor lead in 2019 is correct, and Intel's supply constraints linger through mid-19, we think a market share of 70/30 is not out of the question," the firm's analyst Mark Lipacis says.

Jefferies predicts AMD shares can go higher even after the chipmaker stock's stunning rise this year.

The firm raised its price target for AMD shares to $36 from $30, predicting big market share gains for the chipmaker due to Intel's processor shortages. Jefferies also reiterated its buy rating for the shares.