Goldman Sachs analyst Toshiya Hari maintained Advanced Micro Devices Inc (NASDAQ:AMD) with a Buy and raised the price target from $157 to $180.
On Tuesday, AMD reported fourth-quarter revenue of $6.2 billion (+6% quarter-on-quarter, +10% year-on-year), 1% above the analyst and the Street consensus. The adjusted EPS of $0.77 was 6% below Hari’s estimates but broadly aligned with Street consensus.
The analyst expects significant weakness in AMD’s Gaming business to drive negative revisions to Street estimates.
However, Hari is encouraged by the ongoing customer traction in the Data Center GPU business, as evidenced by the positive revision to management’s full-year revenue guide from ...