AMD shares slump as forecast disappoints AI-focused investors
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Baird Reiterates Outperform Rating on AMD (AMD)
October 30, 2024 7:14 AM EDTBaird analyst Tristan Gerra reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).
The analyst comments "We are modeling a near-doubling in AMD AI revenue for 2025 which would represent only 5% market share of the AI GPU market yet represents a... More
Northland Reiterates Outperform Rating on AMD (AMD), 'We would be buyers of a pullback this morning'
October 30, 2024 6:55 AM EDTNorthland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD)
The analyst comments "AMD reported an inline quarter and guided Q4 down vs consensus. Commentary around CY25 leads us to lower our estimates slightly. We think the... More
Bernstein SocGen Group Reiterates Market Perform Rating on AMD (AMD)
October 30, 2024 6:36 AM EDTBernstein SocGen Group analyst Stacy Rasgon reiterated a Market Perform rating and $150.00 price target on AMD (NASDAQ: AMD).
The analyst comments "AMDs Q3 results were decent, and slightly above expectations on revenue and inline on EPS ($6,819M/$0.92 vs Street $6,714M/$0.92). The beat was primarily driven by Client, with Data Center only slightly above, Embedded roughly in-line, and Gaming well below. Datacenter GPU sales were indicated at >$1.5B in the quarter. But Q4 outlook was light ($7,500M/~$1.07 vs Street $7,549M/$1.16). The company... More
Truist Securities Reiterates Hold Rating on AMD (AMD)
October 30, 2024 6:23 AM EDTTruist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD).
The analyst comments "Muted Q4 outlook partly offset by higher DC GPU guidance. AMD's Q3 result was mixed, and the Q4 outlook was modestly below-consensus.... More
Goldman Sachs Reiterates Buy Rating on AMD (AMD)
October 30, 2024 6:15 AM EDTGoldman Sachs analyst Toshiya Hari reiterated a Buy rating and $175.00 price target on AMD (NASDAQ: AMD)
The analyst comments "AMD delivered 3Q24 results and 4Q24 guidance that were largely in-line with Street expectations. By segment, growth in Data Center accelerated for the... More
BofA Securities Reiterates Buy Rating on AMD (AMD)
October 30, 2024 6:09 AM EDTBofA Securities analyst Vivek Arya reiterated a Buy rating and $180.00 price target on AMD (NASDAQ: AMD)
The analyst comments "Modest Q3 beat, in-line Q4 outlook including broadly expected AI segment raise to $5bn+ for CY24, as previewed. We think lack of... More
