AMD price target lowered to $140 from $200 at Roth MKM

Roth MKM analyst Suji Desilva lowered the firm’s price target on AMD (AMD) to $140 from $200 but keeps a Buy rating on the shares. The company guided for seasonal Q1 sequential decline as expected, but while investor expectations for AI GPU are adjusted for second-half loaded growth, reflecting a transition to newer roadmap products, Roth believes that expectations in intermediate-term growth opportunity for AMD remain intact, the analyst tells investors in a research note. AMD should also continue to gain share across both its server EPYC processors and client/gaming markets, supporting healthy overall revenue growth in 2025, the firm added.