Bernstein has revised its price target for AMD (AMD, Financial), lowering it from $125 to $95 while maintaining a Market Perform rating. This adjustment reflects the firm's new estimates considering recent shifts in the PC landscape and regulatory changes tied to China's AI accelerator license requirements.
The acquisition of ZT is notably impacting AMD's future revenue and earnings per share projections, prompting Bernstein to revise its outlook. The firm expressed concerns that AMD's position in the AI market, which was already seen as somewhat fragile, faces further challenges due to additional sanctions on China. Overall, Bernstein views AMD as remaining uncompetitive in this sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is $141.10 with a high estimate of $225.00 and a low estimate of $90.00. The average target implies an upside of 64.91% from the current price of $85.56. More detailed estimate data can be found on the Advanced Micro Devices Inc (AMD) Forecast page.
Based on the consensus recommendation from 50 brokerage firms, Advanced Micro Devices Inc's (AMD, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc (AMD, Financial) in one year is $162.68, suggesting a upside of 90.14% from the current price of $85.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Micro Devices Inc (AMD) Summary page.
