Morgan Stanley: Lowering AMD Target Price from $178 to $169 Morgan Stanley's report shows that AMD's quarterly performance met expectations, but market reactions indicate that the company is facing high expectations challenges. The bank still sees investment opportunities in the field of artificial intelligence from 2024 to 2025, although some revenue and profit expectations may be too high. Morgan Stanley has lowered AMD's target price from $178 to $169, maintaining its "market in sync" rating. It is expected that AMD's quarterly revenue as of March next year will be $6.986 billion, and its full year revenue in 2025 will be $31.07 billion, with revenue growth of 25% to 29% in 2026.