Credit Suisse (SIX:CSGN) analyst John Pitzer maintained a Hold rating on Advanced Micro Devices (NASDAQ:AMD) on Thursday, setting a price target of $33, which is approximately 42.11% below the present share price of $57.
Pitzer expects Advanced Micro Devices to post earnings per share (EPS) of $0.14 for the third quarter of 2020.
The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in Advanced Micro Devices, with an average price target of $57.76.
The analysts price targets range from a high of $71 to a low of $33.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.79 billion and a net profit of $177 million. The company's market cap is $72.37 billion.
According to TipRanks.com, Credit Suisse analyst John Pitzer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.7% and a 73.81% success rate.
Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.