AMD stock jumps on better-than-expected outlook, AI sales
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Northland Reiterates Outperform Rating on AMD (AMD)
July 31, 2024 6:46 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMD beat consensus by $0.01 on revenue upside primarily from AI, reaching revenue of over $1B vs our model of $900M. Client revenue was... More
Stifel Reiterates Buy Rating on AMD (AMD)
July 31, 2024 6:42 AM EDTStifel analyst Ruben Roy reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMDs results and outlook were modestly above expectations with revenue exceeding the midpoint of management guidance on higher-than-expected data center, client and server processor sales.... More
AMD (AMD) PT Lowered to $180 at Cantor Fitzgerald
July 31, 2024 6:33 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $180.00 (from $200.00) while maintaining a Overweight rating.
The analyst comments "Amidst investor fears of a slowdown in MI300 demand from Microsoft, AMD offered a better-than-feared report including a modest beat for the June Q, mixed outlook for the September Q (slightly better revs, worse EPS), and, very importantly, raised its outlook for MI300 revenues from >$4B+ to >$4.5B+. Specific to the MI300 and AI outlook, we... More
AMD (AMD) PT Lowered to $156 at Truist Securities
July 31, 2024 5:22 AM EDTTruist Securities analyst William Stein lowered the price target on AMD (NASDAQ: AMD) to $156.00 (from $162.00) while maintaining a Hold rating.
The analyst comments "Incrementally raising AI GPU guidance. AMD's beat Q2 consensus & guided Q3 mixed. The Datacenter & Client end market upsides will likely predominate... More
