Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on Advanced Micro Devices, retaining the price target of $300.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Christopher Rolland has given his Buy rating due to a combination of factors that highlight Advanced Micro Devices’ strong performance and future potential. The company’s results exceeded expectations, particularly in the Gaming and Data Center segments, driven by the successful ramp-up of the MI350 and continued server share gains. AMD’s management has outlined a clear path for scaling its AI business, projecting significant revenue growth into 2027, despite some challenges in the Chinese market.
Furthermore, AMD’s Client segment reported record CPU sales, and the Gaming segment showed robust demand for semi-custom SoCs and GPUs. Although there were some misses in the Embedded segment, the overall guidance remains positive with expected growth in various sectors. The company’s commitment to improving gross margins and investing in its AI strategy further supports the optimistic outlook. These factors collectively underpin Rolland’s positive assessment and the reiterated Buy rating for AMD.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $300.00 price target.