TECH - This Analyst Boosts AMD Forecasts Despite Short-Term Hurdles Eyes on M1300 Chip Guidance | Benzinga
Susquehanna analyst Christopher Rolland reiterated a Positive rating on Advanced Micro Devices, Inc (NASDAQ:AMD) and raised his price target from $170 to $210.
All the focus is on MI300, with less investor focus on the quarter and guide, which the analyst noted as misses.
Expectations are high for an update on M1300 guidance, the analyst flagged, focusing doubts over the chip designer’s chances of accomplishing the targets.
Rolland expects generally in-line results and slightly disappointing first-quarter guidance.
He noted the most important swing factor for investors is the narrative and update for M1300.
For the Data Center, the analyst expects improving M1300 revenue, which could even eke out some sequential growth and a bit of upside into the first quarter.
The full-year revenue needs a minimum boost from over $2 billion to above $3 billion.
On average, investors Rolland spoke with are targeting closer to $6 billion, with ...