AMD Gains Analyst Confidence with Strong Q4 Results and Product Advances

Published 21 hours agoAMD

AMD Gains Analyst Confidence with Strong Q4 Results and Product Advances

Advanced Micro Devices (AMD) is receiving upbeat assessments from analysts following an impressive financial performance in the fourth quarter. Citi upgraded AMD to a 'Buy' rating, setting a price target of $136, crediting the company's successful AI product launches and improved profit margins. Meanwhile, Barclays raised their evaluation to 'Overweight' with a price target of $85, noting AMD's competitive position in the server market through its new data center product, Genoa. Jefferies also expressed optimism, increasing their price target to $200 while maintaining a 'Buy' status due to AMD's promising data center AI market penetration, as reported by TheStreet.com.

For the fourth quarter, AMD reported earnings of 77 cents per share—an 11.5% growth over the prior year—meeting Wall Street's expectations. The company’s revenue rose by 10.1%, reaching $6.17 billion, slightly surpassing analyst forecasts. This solid financial footing supports AMD’s strategic thrust into AI and data centers, which has been met positively by stock analysts, according to TheStreet.com.

Looking ahead, AMD appears poised for continued influence in the AI GPU sector, with some analysts suggesting the potential to exceed expectations by 2025, highlighted by PowerStocks.io. Despite facing intense competition, AMD is noted for its growth in server compute and PC sales, contributing to the momentum it's building within the semiconductor industry.

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