Northland Downgrades AMD to Market Perform Ahead of Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Should l Buy AMD?
Source: stocktwits
- Rating Change Impact: Northland Capital downgraded AMD's stock from 'Outperform' to 'Market Perform' with a price target of $260, implying over a 25% downside from Friday's close, which led to a nearly 3% drop in shares on Monday morning, breaking its four-day winning streak.
- Increased Competitive Pressure: Analysts noted that Intel is catching up to AMD, and competition from NVIDIA through its partnership with TSMC in AI infrastructure and PCs will limit AMD's gross margin expansion while raising R&D spending, indicating intensifying market competition.
- Earnings Expectations: AMD is set to report its Q1 results on May 5, with consensus estimates for revenue at $9.88 billion and EPS at $1.28; failure to meet these expectations could further impact stock performance.
- Retail Investor Sentiment: Despite the downgrade, retail sentiment on Stocktwits remains 'extremely bullish,' with users speculating that AMD's stock may dip to $300 before climbing to $400, reflecting confidence in AMD's future performance.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to fall
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 341.540
Low
210.00
Averages
289.13
High
377.00
Current: 341.540
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
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.
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