Northland Reiterates Outperform Rating on AMD (AMD)

Northland analyst Gus Richard reiterated an Outperform rating and $260.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMD reported a strong quarter and guided above consensus. The Company is seeing strong momentum in AI in addition to strong demand for PCs. Oracle/Open AI ability to finance expansion remains an over hang. AMD is working with 8 out of the top 10 AI companies. While there was nothing wrong with the reports and outlook, expectation ran ahead of results. Our CY27 non-GAAP earnings estimate is $7.40 on $50B, materially below consensus of $10.31 on $62.7B. We maintain our OP and PT."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $242.11 yesterday.

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