Semiconductor giantAdvanced Micro Devices(NASDAQ:AMD) reported first-quarter revenue and earnings Tuesday that beat analyst estimates.
Here is how Wall Street analysts are reacting to the results and updated guidance.
The AMD Analysts:Cantor Fitzgerlad analyst C.J. Muse has an Overweight rating and lowered the price target from $190 to $170.
Mizuho analyst Vijay Rakesh has a Buy rating and lowered the price target from $235 to $215.
Piper Sandler analyst Harsh Kumar has an Overweight rating and lowered the price target from $195 to $175.
Goldman Sachs analyst Toshiya Hari has a Buy rating and lowered the price target from $180 to $175.
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