Latest news with #ChristopherDanely
Business Insider
20-07-2025
- Business
- Business Insider
AMD Stock Gets a Price Target Boost from Citi's Top Analyst Ahead of Q2 Earnings
Advanced Micro Devices (AMD) will report its Q2 2025 earnings results on August 5. Ahead of the report, AMD stock got a bullish upgrade from Citi's Top analyst Christopher Danely, who raised his price target to $165 from $145. The new price target indicates a 5% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. However, he maintained a Hold rating on the stock, warning that the China-related gains from the sale of MI308 chips may be short-lived. Danely ranks #644 out of 9,889 analysts tracked on TipRanks. He boasts a 66% success rate and an average return per rating of 11.00%. Analyst Sees Short-Term Upside, But Stays Cautious The five-star analyst believes AMD stock could continue to move higher in the near term, as excitement around AI remains strong. Danely pointed out that investors are growing more optimistic ahead of AMD's earnings, and the broader market continues to favor chip stocks tied to AI. As a result, Danely raised his price target to $165, based on 44x expected 2026 earnings. The new price target reflects growing optimism that rising demand for AI chips could lift AMD stock in the near term. Despite the price target bump, the analyst prefers to remain on the sidelines for now, noting that much of the AI-driven optimism may already be reflected in AMD's share price. Danely cautioned that investor expectations might be too high going into earnings, and a clearer view of the company's outlook will only emerge once results are out in August. What to Expect from AMD's Q2 Earnings Wall Street analysts expect AMD to report earnings of $0.48 per share for Q2, down 30% from the year-ago quarter. Meanwhile, analysts project Q2 revenues at $7.41 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 27%. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Holds assigned in the last three months. The average AMD price target of $144.45 suggests a downside potential of 7.99% from its current price. Year-to-date, shares of the company have gained about 30%.
Business Insider
17-07-2025
- Business
- Business Insider
AMD Stock Rally Is ‘Empty Calories,' Says Citi's Top Analyst
Citi's top analyst, Christopher Danely, calls the recent rally in AMD stock (AMD) 'empty calories' because he believes the chip ban can be reinstated at any time. Yesterday, Advanced Micro Devices rallied 6.4% after President Donald Trump lifted the ban on export of artificial intelligence (AI) chips to China. The news also boosted shares of major semiconductor companies, including Nvidia (NVDA), which rose 4% to reach a new all-time high of $172.40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Danely has a 'Hold' rating on AMD stock and a price target of $145, which implies 6.8% downside potential from current levels. Danely ranks #588 out of 9,861 analysts tracked on TipRanks. He boasts a 66% success rate and an average return per rating of 11.40%. Here's Why Citi Is Skeptical About the AI Ban Reversal The easing of export restrictions means AMD can now resume shipments of its MI308 AI chips to China. The White House had previously imposed a ban on the export of advanced AI chips to China due to national security concerns. Notably, AMD was expected to take an $800 million hit from the ban, while Nvidia faced a larger $5.5 billion impact. However, the situation has changed following the easing of trade tensions between the U.S. and China. Danely has a rather skeptical view on the news. He noted that the resumption of MI308 chip sales to China is 'not sustainable' as they could be banned again. The U.S.-China trade relations remain fragile, and even a minor incident could prompt substantial policy shifts. Having said that, Danely believes that the Trump administration's $70 billion investment in Pennsylvania for AI and energy could be highly beneficial for chipmakers, including AMD, NVDA, Broadcom (AVGO), and Micron (MU). AMD Is Positioning as a Serious Rival to Nvidia For years, AMD has been seen as secondary to Nvidia, with the latter's advanced AI chips and GPUs (Graphics Processing Units) commanding global attention. However, AMD is rapidly advancing with its own chip innovations to compete more effectively with Nvidia. Recently, AMD launched its new line of MI350 AI chips, which are expected to be nearly 30% cheaper than Nvidia's comparable chips. Also, AMD's MI355X features high-bandwidth memory (HBM), which is reportedly three times that offered by Nvidia's Blackwell B200. Is AMD a Good Stock to Buy? Despite the current optimism surrounding Advanced Micro Devices, analysts remain divided about its long-term outlook. On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Hold ratings. Also, the average AMD price target of $135.97 implies 12.6% downside potential from current levels. Year-to-date, AMD stock has gained nearly 29%.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
New Buy Rating for Microchip (MCHP), the Technology Giant
Citi analyst Christopher Danely reiterated a Buy rating on Microchip today and set a price target of $90.00. The company's shares closed last Friday at $74.56. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Danely covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Microchip, and Intel. According to TipRanks, Danely has an average return of 11.4% and a 66.15% success rate on recommended stocks. In addition to Citi, Microchip also received a Buy from Goldman Sachs's James Schneider in a report issued on July 10. However, on July 1, Cantor Fitzgerald reiterated a Hold rating on Microchip (NASDAQ: MCHP). MCHP market cap is currently $40.24B and has a P/E ratio of -9,092.68. Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCHP in relation to earlier this year. Most recently, in May 2025, Karlton D Johnson, a Director at MCHP sold 494.00 shares for a total of $29,980.86.
Yahoo
11-07-2025
- Business
- Yahoo
AMD (AMD) Gets Citi Price Target Hike Ahead of Q2 Earnings
Citi raised its price target on Advanced Micro Devices (AMD, Financials) to $145 from $120 ahead of the company's second-quarter earnings report due August 5. Analyst Christopher Danely maintained a Neutral rating, signaling cautious optimism despite higher estimates. Warning! GuruFocus has detected 3 Warning Signs with AMD. Wall Street expects AMD to report earnings per share of $0.49 on $7.41 billion in revenue. Danely said demand for chips remains solid and companies are starting to rebuild inventories, which led him to revise his forecast. While the Neutral rating suggests limited short-term upside, the price target hike indicates Danely sees potential for a positive surprise if AMD beats expectations. The broader chip industry is slowly recovering, and AMD appears positioned to benefit from stabilizing market conditions. Citi had previously warned of headwinds from tariffs and global risk, but those concerns have not materialized, according to Danely. He sees improving fundamentals and restocking as signals of momentum returning to the sector. Investors will be watching AMD's earnings closely to see if the company can outperform expectations and ride the wave of a semiconductor rebound. This article first appeared on GuruFocus.
Yahoo
11-07-2025
- Business
- Yahoo
AMD Stock Climbs Ahead of Q2 Results--Investors Braced for Big Reveal
July 9 - Advanced Micro Devices (NASDAQ:AMD) said it will report fiscal second?quarter 2025 results after markets close on Aug. 5. Wall Street expects adjusted EPS of $0.49, down from $0.69 a year earlier, and revenue of $7.41 billion, a 27% increase. AMD has beaten EPS estimates in six of the past eight quarters and topped revenue forecasts in seven. Warning! GuruFocus has detected 3 Warning Signs with AMD. The company also noted that Executive Vice President and CFO Jean Hu will present at Citigroup's Global TMT Conference on Sept. 3, offering deeper insight into AMD's strategy and financial outlook. AMD shares climbed about 1% Wednesday, extending a 16% year?to?date gain despite a 25% drop over the past 12 months. Analyst updates included a Hold rating and $111 target from Truist Financial, a Hold from KeyBanc, and a maintained Hold at Citi, where the price target was raised to $145 from $120. Citi's Christopher Danely said weaker-than-feared tariffs should support a broader semiconductor upturn as inventory rebuilds. Investors will watch the Aug. 5 call for signs AMD can sustain its growth amid shifting demand and policy pressures. This article first appeared on GuruFocus.
