AMD (AMD) PT Lowered to $230 at KeyBanc
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5 analysts weigh in on AMD earnings
May 1, 2024 8:01 AM EDTAMD (NASDAQ: AMD) reported its latest quarterly earnings after the close Tuesday, with profit in line with consensus expectations and revenue topping estimates.
AMD posted Q1 EPS of $0.62, while revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.48 billion.
Furthermore, the company sees Q2 2024 revenue of $5.4-6 billion, versus the consensus of $5.7 billion, while for the second quarter of 2024, AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million. At the mid-point of the revenue range, this represents... More
AMD (AMD) PT Lowered to $170 at Cantor Fitzgerald
May 1, 2024 6:36 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $170.00 (from $190.00) while maintaining a Overweight rating.
The analyst comments "At the heart of investor disappointment is lack of earnings leverage upside vis-Ã -vis consensus for all of CY24. The MI300 ramp is truly impressive, but supply constraints (mgmt. raised guide to $4B, we are hearing sufficient HBM for $5-6B) are limiting a vision for even greater upside where... More
AMD (AMD) PT Lowered to $176 at Citi
May 1, 2024 6:25 AM EDTCiti analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $176.00 (from $192.00) while maintaining a Buy rating.
The analyst comments "Yesterday after the close, AMD reported decent results and guided above Consensus driven by the MI300 ramp. The company also... More
