Read How Analysts Reacted To AMD's Q4 Results

Analysts remain optimistic on Advanced Micro Devices Inc AMD post Q4 beat.
Keybanc analyst John Vinh maintained AMD with an Overweight and raised the price target from $155 to $165 (41.3% upside).
Summit Insights analyst KinNgai Chan reiterated his Hold rating on AMD after its better than expected Q4 results.
The analyst notes that the company will continue to outperform near-term expectations through the first half of the year due to market share gains against Intel Corp INTC in both the PC client and the data center markets.
Related Content: AMD Stock Rallies On Q4 Beat, Positive Outlook: Data Center, Gaming Revenues Shine
However, those gains will moderate toward the end of the first half as Intel refreshes its product line.
Chan's industry checks indicate a high probability of increased price competition in the CPU market in the second half of the year.
Price Action: AMD shares traded higher by 11.3% at $130.02 in the premarket session on the last check Wednesday.

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