From Financial Modeling Prep: 2025-04-09 12:39:00

TD Cowen lowered its price target on Advanced Micro Devices (NASDAQ:AMD) to $110, citing challenges and sector-wide pessimism. AMD’s data center GPU guidance for early 2025 has tempered investor expectations, with focus now on the upcoming MI355X launch. Despite strong client segment momentum, AMD’s stock performance is hindered by market fixation on its Instinct product line. Trading at 13 times estimated 2026 earnings, TD Cowen sees potential upside if AMD gains traction in data center GPUs. Amid macroeconomic uncertainty and tariff worries, the firm slightly adjusted estimates but maintains a cautious outlook.



Read more at Financial Modeling Prep:: TD Cowen Trims AMD Price Target Amid Cloudy Outloo…