Mizuho Securities analyst Vijay Rakesh maintains $Advanced Micro Devices (AMD.US)$ with a buy rating, and adjusts the target price from $180 to $160.
According to TipRanks data, the analyst has a success rate of 45.9% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Advanced Micro Devices (AMD.US)$'s main analysts recently are as follows:
While acknowledging AMD's continued ability to capture market share from competitors in the x86-based compute arena across PCs and traditional servers, concerns are growing about the impact of rising competition from Arm-based custom central processing units and the intense competitive environment in accelerated computing. These factors could potentially slow AMD's revenue growth compared to its peers and may lead to higher expenditures, influencing the company's stock valuation. The stock's performance is anticipated to stabilize as market confidence in AMD's growth and margin prospects is restored.
Optimism exists within the semiconductor and automotive technologies sectors looking towards 2025, following a notable performance in the previous year. Continued strength is anticipated in areas such as artificial intelligence, custom silicon, and connectivity, which could enhance memory and storage sectors. Challenges might surface in the automotive sector affecting analog components. Top industry performing prospects include companies in artificial intelligence, memory storage, and digital connectivity solutions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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