AMD stock slides as earnings, outlook meet expectations; analysts remain bullish
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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
AMD (AMD) Reports In-Line Q1 EPS, Offers Guidance
April 30, 2024 4:16 PM EDTAdvanced Micro Devices, Inc. (NASDAQ: AMD) reported Q1 EPS of $0.62, in-line with the analyst estimate of $0.62. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.48 billion.
GUIDANCE:
Advanced Micro Devices, Inc. sees Q2 2024 revenue of... More
