Bank of America has revised its price target for Advanced Micro Devices (AMD, Financial), adjusting it downward from $110 to $105 while maintaining a Neutral rating on the company's shares. This change follows the implementation of a new shipment restriction to China, effective April 15.
Due to this ban, the firm has adjusted its forecasts for both Nvidia (NVDA) and AMD, excluding sales of H20/MI308 products that now necessitate licenses for export to China. In light of these adjustments, projections for the calendar year 2026 indicate a potential sales and earnings per share (EPS) impact of roughly 4% and 5% for Nvidia, and about 3% and 4% for AMD.
This revision reflects growing challenges in the semiconductor industry as companies navigate evolving regulatory landscapes and adjust their market strategies accordingly.
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.
