AMD

AMD’s (AMD) fiscal fourth-quarter results are expected to match Wall Street estimates, though its first-quarter sales could miss views as it faces a tough near-term setup, BofA Securities said Monday. The chipmaker is scheduled to report fourth-quarter results Tuesday, with BofA projecting adjusted earnings at $0.77 per share on sales of about $6.13 billion, largely in line with the Street’s views. BofA sees 2023 adjusted EPS at $2.65 on sales of $22.64 billion. The brokerage said that AMD’s server central processing unit likely gained share from rival Intel (INTC) during the quarter, with gains expected to continue in 2024, BofA analysts, including Vivek Arya, said in a note. The firm said there’s potential for first-quarter outlook miss versus Street estimates on weakness in AMD’s PC and field-programmable gate array segments. BofA cut its first-quarter sales expectations to $5.53 billion from $5.73 billion, below the Street’s view for $5.8 billion, according […]

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 19.45% Susquehanna $170 → $210 Maintains Positive 01/25/2024 25.14% UBS $135 → $220 Maintains Buy 01/24/2024 22.3% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 8.08% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 8.08% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 13.77% Barclays $120 → $200 Maintains Overweight 01/16/2024 10.92% Keybanc $170 → $195 Maintains Overweight 01/08/2024 6.94% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -7.85% Mizuho $130 → $162 Maintains Buy 01/04/2024 -3.3% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -10.69% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 -6.14% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 13.77% Rosenblatt → $200 Reiterates Outperform → Outperform

By Adam Clark Advanced Micro Devices got a show of support last week when Elon Musk said he would buy its chips to power artificial-intelligence efforts at Tesla. Wall Street is betting its earnings will provide further proof of AMD’s AI chip potential. AMD stock was up 1.8% at $180.44 in premarket trading on Monday. That continued the movement seen after market hours last Friday when Musk said on social-media platform X that Tesla would buy the company’s chips, while also spending more than $500 million on Nvidia hardware this year. Musk didn’t give a comparable figure for potential spending on AMD’s products but it still looked like good news for its MI300 data-center chips, the company’s main AI hardware offering. There could be more good news coming. AMD will report its fourth-quarter earnings on Tuesday and most of the attention will be on its guidance. AMD CEO Lisa Su

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 22.79% UBS $135 → $220 Maintains Buy 01/24/2024 20% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 6.04% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 6.04% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 11.63% Barclays $120 → $200 Maintains Overweight 01/16/2024 8.83% Keybanc $170 → $195 Maintains Overweight 01/08/2024 4.93% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -9.58% Mizuho $130 → $162 Maintains Buy 01/04/2024 -5.12% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -12.37% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 -7.91% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 11.63% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -19.07% Stifel → $145 Reiterates Buy →

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 24.59% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 10.1% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 10.1% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 15.89% Barclays $120 → $200 Maintains Overweight 01/16/2024 13% Keybanc $170 → $195 Maintains Overweight 01/08/2024 8.94% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -6.13% Mizuho $130 → $162 Maintains Buy 01/04/2024 -1.49% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -9.02% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 -4.39% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 15.89% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -15.98% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -18.87% Raymond James $125 → $140

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 15.49% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 21.57% Barclays $120 → $200 Maintains Overweight 01/16/2024 18.53% Keybanc $170 → $195 Maintains Overweight 01/08/2024 14.27% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 -1.53% Mizuho $130 → $162 Maintains Buy 01/04/2024 3.33% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -4.57% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 0.29% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 21.57% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -11.86% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -14.9% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -24.02% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -17.94% UBS $145 → $135 Maintains Buy 11/01/2023 -40.43% Truist Securities $128 → $98 Maintains Hold 11/01/2023

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 25.43% Barclays $120 → $200 Maintains Overweight 01/16/2024 22.3% Keybanc $170 → $195 Maintains Overweight 01/08/2024 17.91% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 1.6% Mizuho $130 → $162 Maintains Buy 01/04/2024 6.62% Keybanc $140 → $170 Maintains Overweight 12/18/2023 -1.54% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 3.48% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 25.43% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -9.06% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -12.2% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -21.61% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -15.33% UBS $145 → $135 Maintains Buy 11/01/2023 -38.54% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -18.47% Mizuho $140 → $130 Maintains Buy 11/01/2023 -24.74% Barclays

Barclays analyst Tom O’Malley maintains Advanced Micro Devices (NASDAQ:AMD) with a Overweight and raises the price target from $120 to $200.

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 32.38% Keybanc $170 → $195 Maintains Overweight 01/08/2024 27.63% Melius Research → $188 Upgrades Hold → Buy 01/05/2024 9.98% Mizuho $130 → $162 Maintains Buy 01/04/2024 15.41% Keybanc $140 → $170 Maintains Overweight 12/18/2023 6.59% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 12.02% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 35.78% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 -1.56% Stifel → $145 Reiterates Buy → Buy 12/07/2023 -4.96% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -15.14% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -8.35% UBS $145 → $135 Maintains Buy 11/01/2023 -33.47% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -11.74% Mizuho $140 → $130 Maintains Buy 11/01/2023 -18.53% Barclays $145 → $120 Maintains Overweight 11/01/2023 -11.74% Wedbush

Mizuho analyst Vijay Rakesh maintains Advanced Micro Devices (NASDAQ:AMD) with a Buy and raises the price target from $130 to $162.

Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 24.55% Keybanc $140 → $170 Maintains Overweight 12/18/2023 15.03% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 20.89% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 46.53% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 6.23% Stifel → $145 Reiterates Buy → Buy 12/07/2023 2.57% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -8.42% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -1.09% UBS $145 → $135 Maintains Buy 11/01/2023 -28.2% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -4.75% Mizuho $140 → $130 Maintains Buy 11/01/2023 -12.08% Barclays $145 → $120 Maintains Overweight 11/01/2023 -4.75% Wedbush $155 → $130 Maintains Outperform 11/01/2023 -6.22% Morgan Stanley $138 → $128 Maintains Overweight 11/01/2023 -8.42% Raymond James $145 → $125 Maintains Strong Buy 11/01/2023 2.57%

Advanced Micro Devices (NASDAQ:AMD) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 12.51% Goldman Sachs $137 → $157 Maintains Buy 12/15/2023 18.25% B of A Securities → $165 Upgrades Neutral → Buy 12/07/2023 43.33% Rosenblatt → $200 Reiterates Outperform → Outperform 12/07/2023 3.91% Stifel → $145 Reiterates Buy → Buy 12/07/2023 0.33% Raymond James $125 → $140 Maintains Strong Buy 11/14/2023 -10.42% Roth MKM → $125 Initiates Coverage On → Buy 11/02/2023 -3.25% UBS $145 → $135 Maintains Buy 11/01/2023 -29.77% Truist Securities $128 → $98 Maintains Hold 11/01/2023 -6.84% Mizuho $140 → $130 Maintains Buy 11/01/2023 -14% Barclays $145 → $120 Maintains Overweight 11/01/2023 -6.84% Wedbush $155 → $130 Maintains Outperform 11/01/2023 -8.27% Morgan Stanley $138 → $128 Maintains Overweight 11/01/2023 -10.42% Raymond James $145 → $125 Maintains Strong Buy 11/01/2023 0.33% Keybanc $160 → $140 Maintains Overweight 08/03/2023 3.91% Benchmark