HSBC analyst Frank Lee lowered the firm’s price target on AMD to $220 from $225 and keeps a Buy rating on the shares. The company’s Q1 results were in-line along with the Q2 guidance as PC and traditional data centers see better momentum, the analyst tells investors in a research note. The firm views AMD’s 2024 MI300 revenue guidance as “uninspiring” but still sees room for further upside surprises.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- ON vs. INTC: Which Chip Stock Is the Better Buy?
- AMD Files Update with SEC, Continues Nasdaq Listing
- AMD Earnings: Shares Drop as Earnings Meet Expectations
- Advanced Micro Devices: Integrated Financial Performance Insight
- Amazon or AMD: Deutsche Bank Picks the Superior Tech Stock to Buy Ahead of Earnings