AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: Benzinga
Earnings Report Anticipation: AMD is set to report its third-quarter 2024 earnings on October 29, with expectations of a 31% increase in adjusted EPS and a 16% rise in revenue compared to the previous year, despite having lagged behind competitors like Nvidia and Broadcom.
Analyst Outlook: Analysts from Rosenblatt and Goldman Sachs express optimism about AMD's potential for growth in server CPUs and AI infrastructure, projecting a 60% upside in stock price, while acknowledging challenges in gaming console segments and recent downward revisions in EPS estimates.
Analyst Views on ESPO
Wall Street analysts forecast ESPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESPO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 103.120
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
