Wells Fargo analyst Aaron Rakers lowered the firm’s price target on AMD (AMD) to $140 from $165 and keeps an Overweight rating on the shares. The firm thinks an anticipated tempered Q1 2025 guide and/or expectation reset was starting to be viewed as a positive set-up. However, flat first half of 2025 vs. second half of 2025 Data Center guide likely places AMD in a “prove-it” position.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue