This Analyst Boosts AMD Forecasts Despite Short-Term Hurdles, Eyes on M1300 Chip Guidance
Portfolio Pulse from Anusuya Lahiri
Susquehanna analyst Christopher Rolland reiterated a Positive rating on AMD and increased the price target from $170 to $210, focusing on the M1300 chip guidance. Despite potential short-term guidance disappointments, Rolland is optimistic about AMD's M1300 and MI300 chips, expecting in-line results and a slight first-quarter guidance miss. He also commented on Intel's server growth and the PC market, suggesting a positive outlook for AMD CPUs. AMD shares saw a minor decline in recent trading.
January 29, 2024 | 5:29 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Intel Corp is mentioned as expecting server growth through 2024 and a decline in first-quarter PC, but with strong growth anticipated due to the AI PC story, which could indirectly benefit AMD.
While the article discusses Intel's expectations for server growth and PC market dynamics, the direct impact on Intel's stock price is not clear. However, the positive server growth could be seen as a favorable sign for AMD's CPU market, which may have a neutral to slightly positive indirect impact on AMD rather than Intel itself.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD's price target was raised from $170 to $210 by Susquehanna analyst Christopher Rolland, who is positive on the company's M1300 chip guidance despite expecting a slight miss in Q1 guidance.
The increase in price target by a reputable analyst suggests confidence in AMD's future performance, particularly with the M1300 chip. This could lead to increased investor interest and a potential short-term rise in stock price, despite the anticipated modest guidance disappointment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90