Deutsche Bank analyst Ross Seymore expects AMD to guide to "very strong" 2020 growth of 27% when reporting Q4 results on January 28. However, while the analyst's analysis yields upside to his revenue and earnings estimates, he continues to believe much of this upside is already reflected in AMD's share price following the stock's 60% rise over the past three months. He keeps a Hold rating on the shares with a $40 price target on the belief that AMD's valuation is "still stretched."

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

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.