AMD price target raised to $140 from $95 at Bernstein

Bernstein raised the firm’s price target on AMD (AMD) to $140 from $95 and keeps a Market Perform rating on the shares. The firm is adjusting estimates to incorporate resumption of China AI and prospect for better times to come in the future, as well as implementing similar PC market dynamics as for their competitor. Bernstein now models Q2 at $7.52B/49c vs $7.40/47c prior vs consensus at $7.41B/50c. For Q3, the firm now models $8.43B/$1.20, above prior $8.08B/$1.09 on resumption of China AI, and above consensus at $8.33B/$1.16. For full year 2025, Bernstein now models $32.0B/$3.89, up from prior $31.4B/$3.71, and below consensus at $32.1B/$3.99.