Advanced Micro Devices’ Price Target to $115 at Susquehanna
<p>Susquehanna raised its price target on <a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices (NASDAQ:AMD)</a> to $115 from $112, maintaining its Positive rating.</p>
<p>The analysts noted that H1 choppiness establishes the foundation for an H2 recovery. On May 2, the company is scheduled to report its Q1 earnings. Susquehanna anticipates generally in-line quarterly results, but they are uncertain about the guide, citing a modest risk.</p>
<p>The analysts hope the company will provide guidance for the full year, with revenue possibly down slightly to $23.3 billion (or flat), gross margins above 50%, and OPEX at around 27.5%.</p>
<p>The company is optimistic about an H2 recovery. Wall Street analysts also share this sentiment, expecting an 11.3% sequential increase in Q3 and 7.2% in Q4.</p>

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