HHSBC AAMD · AMD
HSBC Downgrades AMD to Hold, $340 Price Target
Rating
Hold
Price target
$340
Previous
$335
Implied downside
-6%
HSBC analyst Frank Lee downgraded AMD (NASDAQ: AMD) from Buy to Hold, PT $340.00 (from $335.00).
“Downgrade to Hold (from Buy) with a higher target price of USD340: We raise our target price from USD335 to USD340 as we apply a target PE multiple of 31x to our revised 2027e EPS estimate.
We downgrade our rating to Hold as the stock has already significantly re-rated from trading at a 19x 2027e PE multiple to a 33x PE multiple with limited room for earnings upside due to capacity constraints.
We introduce our 2028e estimates.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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