AMD (AMD) Stock Flat Despite Q3 Beat, Better Than Expected 2021 Outlook

AMD (AMD) PT Raised to $145 at Cowen

Cowen analyst Matthew Ramsay raised the price target on AMD (NASDAQ: AMD) to $145.00 (from $120.00) while maintaining an Outperform rating.

The analyst commented, "Another strong & clean beat/raise with all major buckets of AMD's revenue contributing to upside as datacenter sales cross 25% of... More

AMD (AMD) PT Raised to $145 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on AMD (NASDAQ: AMD) to $145.00 (from $130.00) while maintaining a Positive rating.

The analyst commented, "Once again, AMD posted solid results, allowing them increase their full-year guidance expectation (from +60% to +65% YOY). Additionally, the quality of revenue was extremely high as data center products (Epyc and DC GPU) provided much of the upside delta. Indeed, revenue for Epyc doubled YOY as uptake for Milan remains strong and the enterprise server... More

AMD (AMD) PT Raised to $145 at Benchmark

Benchmark analyst David Williams raised the price target on AMD (NASDAQ: AMD) to $145.00 while maintaining a Buy rating.

The analyst commented, "In stark contrast to what we heard from Intel, AMD saw strength across all its businesses and was able to deliver positive gross and operating margin... More

AMD (AMD) PT Raised to $140 at Northland Capital Markets

Northland Capital Markets analyst Gus Richard raised the price target on AMD (NASDAQ: AMD) to $140.00 while maintaining a Outperform rating.

The analyst commented, "AMD reported a strong Q3 and guided Q4 up. All product lines are driving growth and AMD is winning... More

AMD (AMD) PT Raised to $135 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on AMD (NASDAQ: AMD) to $135.00 (from $110.00) while maintaining a Buy rating.

The analyst commented, "AMD reported a solid SepQ and guided to another strong DecQ top line at $4.5B (~6% above consensus),... More

AMD (AMD) PT Raised to $150 at BofA Securities

BofA Securities analyst Vivek Arya raised the price target on AMD (NASDAQ: AMD) to $150.00 (from $135.00) while maintaining a Buy rating.

The analyst commented, "AMD reported another solid quarter, with Q3 sales $3.3bn, +54% YoY/5% ahead of cons; 48.4% gross margin (GM), 40bps ahead; 73c in... More

AMD (AMD) Edges Higher on Beat-and-Raise, Analyst Says Stock a Top-3 Buy Pick and Assigns a New Street-High Price Target

Shares of Advanced Micro Devices (NASDAQ: AMD) are up about 1% in early Wednesday trading after the company reported better-than-expected Q3 results and guidance.

AMD reported Q3 EPS of $0.73 to beat the analyst estimate of $0.67. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.12 billion.

AMD had another record quarter as revenue grew 54% and operating income doubled year-over-year. 3rd Gen EPYC processor shipments ramped significantly in the quarter as our data center sales more than doubled year-over-year. Our business significantly accelerated in 2021, growing... More

AMD (AMD) PT Raised to $180 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on AMD (NASDAQ: AMD) to $180.00 (from $150.00) while maintaining a Buy rating.

The analyst commented, "The momentum continues for AMD in all strategic CPU, GPU, and semi-custom portfolios that are seeing stronger than expected demand,... More

AMD (AMD) Tops Q3 EPS by 6c, Revenue Beats, Guidance Tops Consensus

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q3 EPS of $0.73, $0.06 better than the analyst estimate of $0.67. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.12 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q4 2021 revenue of $4.4-4.6... More