Investment bank Baird released a research report stating that it maintains a 'shareholding' rating for AMD (AMD.US), but lowered the target price from $235 to $180.
Zhongtong Finance APP learned that Barclays has released a research report stating that it maintains a 'shareholding' rating for AMD (AMD.US), but lowered its target price from $235 to $180.
AMD and Intel will both announce their second quarter results this week. The bank believes that although Intel has a 'lower bar to cross', AMD may be 'over-adjusting'. Analysts generally expect AMD's EPS for the second quarter to be $0.68, with revenue of $5.72 billion. In contrast, analysts expect Intel's quarterly EPS to be $0.10, with revenue of $12.98 billion.
Analyst Tom O'Malley said, 'As investors hope to choose AI investments more cautiously and prefer cyclical/medium-term growth stocks, AMD has given back all its gains this year.' 'We believe that the expected sales of MI300 this year are $5 billion and we think this is achievable.'
O'Malley admits that AMD may experience some weakness in specific areas such as personal computers, Xilinx, and gaming, but 'stocks at these levels still have value'.