AMD Crushes Earnings, but Gets Downgraded Immediately: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
By all rights, owners of Advanced Micro Devices (NASDAQ: AMD) stock should be celebrating today. On Tuesday after close of trading, AMD reported an 19% increase in revenue featuring a 51% surge in revenue from its computing and graphics division. Headlines are calling the quarter not just an "earnings beat" but a "blowout," and one in which AMD "gave investors what they wanted," up to and including "upbeat guidance" on top of strong actual results. AMD stock is surging better than 9% in response to the news.
And then BMO Capital downgraded it.
Source: Fool.com
Advanced Micro Devices Inc. Stock
With 84 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a positive potential of 29.86% compared to the current price of 134.76 € for Advanced Micro Devices Inc..
