Benchmark raised the firm’s price target on AMD (AMD) to $325 from $270 and keeps a Buy rating on the shares. While shares were softer in after-hours trading, the firm doesn’t believe the market’s initial reaction is indicative of the company’s “strong record results,” its attractive outlook, or its rapidly growing leverage to the “aggressively expanding” AI data center market for both its traditional server CPU portfolio and its “increasingly competitive” AI GPUs, the analyst tells investors.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- Advanced Micro Devices put buyer realizes 37% same-day gains
- AMD price target raised to $280 from $240 at Stifel
- AMD price target raised to $270 from $180 at JPMorgan
- AMD: Strong Q3 Results Amidst Rising Operating Expenses and Market Challenges, Hold Rating Maintained
- Top Baird, Stifel Analysts Lift AMD Stock Price Target on Chip Giant’s Q3 Beat