AMD falls on soft revenue forecast; analsyts see buying opportunity

AMD (AMD) PT Lowered to $205 at UBS

January 31, 2024 3:56 AM EST

UBS analyst Timothy Acuri lowered the price target on AMD (NASDAQ: AMD) to $205.00 (from $220.00) while maintaining a Buy rating.... More

AMD (AMD) PT Raised to $190 at Roth/MKM

January 31, 2024 3:52 AM EST

Roth/MKM analyst Suji Desilva raised the price target on AMD (NASDAQ: AMD) to $190.00 (from $125.00) while maintaining a Buy rating.... More

AMD (AMD) PT Raised to $192 at Citi, 'Use Selloff as Buying Opportunity'

January 31, 2024 3:19 AM EST

Citi analyst Christopher Danely raised the price target on AMD (NASDAQ: AMD) to $192.00 (from $136.00) while maintaining a Buy rating.

The analyst commented: "AMD reported mixed results and lowered 1Q24 guidance but raised their expectation for MI300 sales in 2024 from over $2.0 billion to over $3.5 billion.... More

AMD (AMD) PT Raised to $180 at JPMorgan

January 31, 2024 3:15 AM EST

JPMorgan analyst Harlan Sur raised the price target on AMD (NASDAQ: AMD) to $180.00 (from $115.00) while maintaining a Neutral rating.... More

AMD (AMD) PT Raised to $150 at Deutsche Bank

January 31, 2024 3:13 AM EST

Deutsche Bank analyst Ross Seymore raised the price target on AMD (NASDAQ: AMD) to $150.00 (from $120.00) while maintaining a Hold rating.... More

AMD (AMD) PT Raised to $180 at Goldman Sachs

January 31, 2024 3:11 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on AMD (NASDAQ: AMD) to $180.00 (from $157.00) while maintaining a Buy rating.... More

AMD (AMD) PT Raised to $270 at KeyBanc

January 31, 2024 2:34 AM EST

KeyBanc analyst Justin Vinh raised the price target on AMD (NASDAQ: AMD) to $270.00 (from $195.00) while maintaining a Overweight rating.... More

AMD boosts AI chip forecast by $1.5 billion - not enough for Wall Street

January 30, 2024 4:17 PM EST

By Max A. Cherney and Arsheeya Bajwa

(Reuters) - Chipmaker AMD on Tuesday boosted its 2024 forecast for its artificial intelligence (AI) processors by $1.5 billion. Investors wanted more.

AMD's near doubling of its AI processor projections to $3.5 billion was not enough to meet Wall Street's lofty projections for the company's AI fortunes, or assuage the pain of a significant drop in its programmable chip and videogame businesses.

It also forecast first-quarter revenue below Wall Street estimates on Tuesday.

"AMD delivered an underwhelming quarter, with a notable miss on operating income and operating margins standing out the... More

AMD (AMD) Reports In-Line Q4 EPS, Q1 Revenue Guidance Misses Consensus

January 30, 2024 4:17 PM EST

(Updated - January 30, 2024 4:23 PM EST)

(Updated - January 30, 2024 4:20 PM EST)

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.13... More