AMD (AMD) PT Lowered to $19 at Susquehanna
Susquehanna analyst Christopher Rolland lowered the price target on AMD (NASDAQ: AMD) to $19.00 (from $22.00) while maintaining a Neutral rating.
Rolland commented, "Results and guidance missed the Street significantly as “channel GPUs sales” weighed. Make no mistake about it… management was describing the crypto-GPU hangover, and we think there may be more to come."