On Oct 30, major Wall Street analysts update their ratings for $Advanced Micro Devices (AMD.US)$, with price targets ranging from $169 to $220.
Morgan Stanley analyst Joseph Moore maintains with a hold rating, and adjusts the target price from $178 to $169.
J.P. Morgan analyst Harlan Sur maintains with a hold rating, and maintains the target price at $180.
BofA Securities analyst Vivek Arya maintains with a buy rating, and maintains the target price at $180.
Citi analyst Christopher Danely maintains with a buy rating, and maintains the target price at $210.
Barclays analyst Thomas O'Malley maintains with a buy rating, and adjusts the target price from $180 to $170.
Furthermore, according to the comprehensive report, the opinions of $Advanced Micro Devices (AMD.US)$'s main analysts recently are as follows:
AMD's revenue guidance aligned with expectations, and although some investors might feel a hint of disappointment that areas outside of the Data Center are no longer dragging performance, the overall narrative remains positive. In the short-term, the stock may experience limited movement, and there is a concern that 2025 might represent a transitional phase for the company's AI initiatives.
AMD's recent earnings were satisfactory, however, guidance fell below consensus due to reduced gaming margins, according to an analyst. AMD anticipates that the MI300 will be margin dilutive for a period, which may affect the stock's valuation multiple.
The firm noted that AMD's recent performance met general expectations and expressed some surprise at the post-earnings decline in stock value. Looking forward, the firm anticipates that the coming years will be pivotal for investment in AI opportunities, but suggests that current revenue and earnings forecasts may be overly optimistic.
According to an analyst, AMD's near-term strength within its Client segment balances out with a projection for a more than seasonal first quarter, leading to a slight moderation in the sales outlook for 2025. The MI300's consistent performance is acknowledged, yet the absence of specific guidance for the coming year and the tempering of expectations suggest the stock may currently be in a holding pattern.
Following AMD's aftermarket trading decrease of 8% subsequent to reporting a September quarter that met expectations and a December quarter EPS forecast that fell short by 10%, the outlook remains positive. This perspective is based on the belief that the company is progressively cementing its position as the second-leading supplier of merchant accelerator solutions.
Here are the latest investment ratings and price targets for $Advanced Micro Devices (AMD.US)$ from 17 analysts:
Note:
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