As reported previously, Cowen analyst Matthew Ramsay initiated AMD (AMD) with an Outperform rating. The analyst believes the company's 7nm products will gain market share versus Intel's (INTC) 10nm silicon in 2019 /2020. Ramsay has a $18 price target on AMD shares.

TD Cowen raised the firm's price target on AMD to $200 from $185 and keeps a Buy rating on the shares. The analyst expect data center strength and "well-known softness elsewhere" when AMD reports Q1 results. The firm sees AMD as generating upwards of $10.00 in earnings per share by 2027, or a nearly 40% annual growth off of 2023. TD increased its MI300 2024 revenue estimate to $4.5B from $4B, saying ramps at several customers will continue to happen more quickly than typical. AMD remains one of its top picks.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

HSBC last night upgraded AMD (AMD) to Buy from Hold with a price target of $225, up from $180. Given AMD's recent share price correction of 15% over the past month, market expectations for the company's MI300 2024 and 2025 revenue have been reset, the analyst tells investors in a research note. However, the firm thinks AMD has enough supply capacity and demand to surpass management's artificial intelligence revenue guidance. AMD's next-generation AI GPU is a more direct competitor to Nvidia (NVDA) GB200 in 2025, the analyst tells investors in a research note. HSBC sees an attractive risk/reward at current share levels.