Advanced Micro Devices (AMD) is set to report its Q1 2025 earnings on Tuesday, May 6, after the market closes. Wall Street analysts expect Advanced Micro to report earnings of $0.94 per share for Q1, marking a 52% year-over-year increase, with revenue expected to rise roughly 30% to $7.12 billion. Meanwhile, Seaport Research analyst Jay Goldberg initiated coverage on AMD with a Buy rating and a $100 price target on Wednesday. The new price target implies a nearly 13% upside potential from current levels.
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Goldberg’s Views on AMD Stock
Jay Goldberg praised AMD for its “consistent execution” and strong market position, noting that the company continues to gain ground as rival Intel (INTC) struggles with ongoing challenges. He highlighted AMD’s recent success in the data center space as a major win, pointing out that the company has now overtaken Intel in market share. According to Main Street Data, AMD reported data center revenues of $3.86 billion in the fourth quarter of 2024, up 69% year-over-year.
He also highlighted AMD’s growing presence in artificial intelligence, noting that its AI chips are now considered strong rivals to Nvidia’s. He pointed to AMD’s recent $5 billion acquisition of ZT Systems, a data center hardware maker, as a move to strengthen its capabilities in AI. However, Goldberg acknowledged that AMD still trails Nvidia in terms of its “broader portfolio of software and system services” in the space.
That said, Goldberg warned that it may take several years before AMD can truly compete with Nvidia in the data center AI space. For now, he advised investors to focus on AMD’s upcoming results and long-term plan, instead of hoping for big gains from AI in the near future.
Is AMD Stock a Good Buy?
Analysts seem cautiously optimistic. On TipRanks, AMD holds a Moderate Buy consensus based on 35 analyst ratings—23 Buys and 12 Holds, with no Sells in sight. The average AMD price target is $138.19, suggesting a potential upside of 41.95% from current levels.
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