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Advanced Micro Devices (AMD) Gets $620 Target From Susquehanna Ahead of Earnings

The target trails estimates of $800 from Citi and $675 from TD Cowen. AMD is scheduled to report third-quarter results Nov. 3.

By Enna Lee
Published
An unmarked processor package beside a raised brass gauge needle / TokenPost.ai
An unmarked processor package beside a raised brass gauge needle / TokenPost.ai

Susquehanna analyst Christopher Rolland raised his price target for Advanced Micro Devices (AMD) to $620 from $550 ahead of the chipmaker’s Nov. 3 third-quarter earnings report.

The new estimate is below Citi’s $800 target, which Atif Malik raised from $575, and TD Cowen’s $675 target. TD Cowen kept its target on Oct. 19 after raising it to $675 in July.

Arete raised its target to $612 from $540 on Oct. 16. TokenPost previously covered Arete’s target revision.

AMD’s second-quarter revenue exceeded expectations, though many analysts had expected a larger contribution from its Helios chips. Helios rack sales are expected to appear in the company’s third-quarter results, scheduled for Nov. 3.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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