Advanced Micro Devices Likely To Report Drop In Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Advanced Micro Devices, Inc. AMD is scheduled to release quarterly results after the closing bell on Jan. 31, 2023.

Wall Street expects the company to post quarterly earnings at $0.67 per share, down from $0.92 per share in the year-ago period. The company is projected to post revenue of $5.5 billion.

AMD recently announced a CFO transition, naming former Marvell CFO Jean Hu as executive vice president and CFO.

AMD shares rose 0.8% to trade at $73.06 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Susquehanna analyst Christopher Rolland maintained a Positive rating on Jan. 30, 2023, and raised the price target from $80 to $88. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 72%.
• Bernstein analyst Stacy Rasgon downgraded the stock from Outperform to Market Perform on Jan. 24, 2023, and slashed the price target from $95 to $80. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 61%.
• Truist Securities analyst William Stein maintained a Hold rating on Jan. 23, 2023, and raised the price target from $70 to $79. This analyst sees around 9% upside in the company’s stock and has an accuracy rate of 72%.
• Barclays analyst Blayne Curtis upgraded the stock from Equal-Weight to Overweight and raised the price target from$70 to $85 on Jan. 23, 2023. This analyst sees around 17% upside in the company’s stock and has an accuracy rate of 63%.
• Keybanc analyst John Vinh maintained an Overweight rating on Jan. 11, 2023, and cut the price target from $85 to $80. This analyst sees around 10% upside in the company’s stock and has an accuracy rate of 55%.

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