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Just in: Raymond James raises $AMD price target to $200 from $120, maintaining an Outperform rating. Strong Q2 results and optimistic Q3 outlook drive the upgrade, with AI momentum expected to boost future growth.
Just in: Barclays raises AMD's price target to $200 from $130, maintaining an Overweight rating. Analyst Tom O'Malley cites strong AI trends in AMD's data center business and market share gains in Client. $AMD
Just in: Benchmark Co. analyst Cody Acree reiterates Buy rating on $AMD, highlighting strong Q2 performance and growth potential. AMD's revenue exceeded expectations, driven by record sales in CPUs and GPUs. Price target raised to $210.
Advanced Micro Devices drew a fresh wave of bullish calls on Wednesday after its stronger-than-expected second-quarter results, with at least seven brokerages lifting their price targets on the chipmaker to as much as $210 a share. JPMorgan led the moves, raising its forecast to $180 from $120, while Raymond James and Barclays each moved to $200. Benchmark Co. set the highest mark at $210, and Melius Research lifted its estimate to $205. Stifel and Deutsche Bank increased their targets to $190 and $155, respectively. Analysts pointed to record sales of central- and graphics-processing units and accelerating demand for artificial-intelligence hardware in AMD’s data-center segment. The upbeat views follow the company’s second-quarter revenue beat and come amid broader optimism in the semiconductor sector, highlighted by Bank of America’s separate decision to keep a Buy rating on Nvidia with a $220 target.
