Several major financial institutions have raised their price targets for Advanced Micro Devices Inc. (AMD) following the company's strong second-quarter performance and optimistic outlook driven by AI demand and record CPU and GPU sales. Benchmark Co. led the upgrades with a price target increase to $210 from $170, maintaining a Buy rating. Barclays, Raymond James, Piper Sandler, TD Cowen, Deutsche Bank, Stifel, Melius Research, and JP Morgan also raised their targets, with new price points ranging from $155 to $210. Analysts highlighted AMD's growth potential in data center and client segments, as well as the expected ramp-up of the MI355 GPU in the second half of 2025. Meanwhile, Bank of America Global Research increased Apple Inc.'s (AAPL) price target to $250 from $240, citing tariff exemptions, favorable foreign exchange conditions, and rising earnings power. Melius Research subsequently raised Apple's target further to $260, emphasizing growth driven by upcoming iPhone cycles, including the anticipated "iPhone Air" launch and a foldable model expected in fiscal year 2026. Other companies receiving target upgrades include Amphenol ($APH) with Bank of America raising its target to $120, Aptiv ($APTV) with RBC increasing its target to $92, and Birkenstock ($BIRK) with UBS raising its target to $77. The upgrades reflect broad investor confidence in technology and consumer sectors amid ongoing product innovation and market expansion.
$ARLO -Raymond James raises Arlo target to $22 from $15 Outperform - $ARWR -RBC lowers Arrowhead Pharmaceuticals target to $38 from $40 Outperform -
$ARBE -Roth owes Arbe Robotics target to $2 from $3 Buy - $ARHS -Cowen raises Arhaus target to $13 from $11 Buy -Morgan Stanley raises target to $12.50 from $10 = Weight -Piper Sandler raises target to$11 from $9 Neutral - $ARKO -Raymond James lowers ARKO target to $8 from $10
$AORT -Needham raises Artivion target to $45 from $32 Buy -Citizens JMP raises target to $42 from $33 Market Outperform -Canaccord raises target to $41 from $35 Buy -Stifel raises target to $40 from $36 Buy - $APA -Barclays raises APA target to $22 from $21 = Weight -