tiprankstipranks
AMD price target lowered to $180 from $200 at Piper Sandler
The Fly

AMD price target lowered to $180 from $200 at Piper Sandler

Piper Sandler analyst Harsh Kumar lowered the firm’s price target on AMD (AMD) to $180 from $200 and keeps an Overweight rating on the shares. The firm notes AMD slightly beat street consensus for the September quarter on the top line and met expectations for December guidance. That said, the highlight of the call was that 2024 GPU revenues are expected to be above $5B, which had been the benchmark for investors, Piper adds.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App