I covered Wells Fargo's AMD upgrade at the start of July, making a specific case that the server CPU story was being underappreciated relative to the GPU narrative. On July 5, 57-year-old Goldman Sachs also made the same argument louder and with a bigger number.
Goldman Sachs ******* yst James Schneider raised the firm's 12-month price target on Advanced Micro Devices (AMD), maintaining a Buy rating, according to the firm's note shared with TheStreet. The upgrade represents a 42% increase in the price target on a stock that is already up 157.77% year-to-date, as of this writing.
AMD closed July 6 at $552.05, up 6.61% on the session, with a market cap of $900 billion, according to Yahoo Finance. The $640 target implies roughly 16% further upside from that close.
Schneider ranks 289th out of 12,355 Wall Street ******* ysts on TipRanks with a 64% success rate. Again, his call is not a momentum chase but a structural thesis about what agentic Artificial Intelligence (AI) means for CPU demand.
Also Read: History of AMD: Timeline and Facts
Goldman Sachs ******* yst James Schneider raised the firm's 12-month price target on Advanced Micro Devices (AMD), maintaining a Buy rating, according to the firm's note shared with TheStreet. The upgrade represents a 42% increase in the price target on a stock that is already up 157.77% year-to-date, as of this writing.
AMD closed July 6 at $552.05, up 6.61% on the session, with a market cap of $900 billion, according to Yahoo Finance. The $640 target implies roughly 16% further upside from that close.
Schneider ranks 289th out of 12,355 Wall Street ******* ysts on TipRanks with a 64% success rate. Again, his call is not a momentum chase but a structural thesis about what agentic Artificial Intelligence (AI) means for CPU demand.
Also Read: History of AMD: Timeline and Facts
4 months ago
