Investing.com UK - Financial Markets Worldwide
June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Advanced Micro Devices Likely To Report Drop In Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 31/01/2023, 14:58
© Reuters. Advanced Micro Devices Likely To Report Drop In Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
AMD
-
TGTB34
-
A1MD34
-

Benzinga - Advanced Micro Devices, Inc. (NASDAQ: AMD) is scheduled to release quarterly results after the closing bell on Jan. 31, 2023.

Wall Street expects the company to post quarterly earnings at $0.67 per share, down from $0.92 per share in the year-ago period. The company is projected to post revenue of $5.5 billion.

AMD recently announced a CFO transition, naming former Marvell CFO Jean Hu as executive vice president and CFO.

AMD shares rose 0.8% to trade at $73.06 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Susquehanna analyst Christopher Rolland maintained a Positive rating on Jan. 30, 2023, and raised the price target from $80 to $88. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 72%.
  • Bernstein analyst Stacy Rasgon downgraded the stock from Outperform to Market Perform on Jan. 24, 2023, and slashed the price target from $95 to $80. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 61%.
  • Truist Securities analyst William Stein maintained a Hold rating on Jan. 23, 2023, and raised the price target from $70 to $79. This analyst sees around 9% upside in the company’s stock and has an accuracy rate of 72%.
  • Barclays analyst Blayne Curtis upgraded the stock from Equal-Weight to Overweight and raised the price target from$70 to $85 on Jan. 23, 2023. This analyst sees around 17% upside in the company’s stock and has an accuracy rate of 63%.
  • Keybanc analyst John Vinh maintained an Overweight rating on Jan. 11, 2023, and cut the price target from $85 to $80. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 55%.

Read This Next: 5 Most Expensive Industrials Stocks You Should Worry About

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.