A screaming buying opportunity may exist in AMD (AMD) after a post-earnings sell-off earlier this month.
Raymond James ******* yst Simon Leopold upgraded his rating on AMD to Strong Buy from Outperform in a new note on Tuesday. He lifted his price target to $641 from $565, which ******* umes neatly 40% upside from current price levels.
The new price target puts Leopold above the average price target of his peers at $613, per Yahoo Finance AlphaSpace data. About 72% of Wall Street ******* ysts that cover AMD rate the stock a Strong Buy or Buy.
AMD stock rose 5% in afternoon trading in response.
Leopold thinks AMD, with its powerful AI chips, will be a key player in the agent-driven workforce. Moreover, he sees the server central processing unit (CPU) market increasing at a 44% five-year compound annual growth rate to about $201 billion by 2030.
#price #strong #rate #simon
Raymond James ******* yst Simon Leopold upgraded his rating on AMD to Strong Buy from Outperform in a new note on Tuesday. He lifted his price target to $641 from $565, which ******* umes neatly 40% upside from current price levels.
The new price target puts Leopold above the average price target of his peers at $613, per Yahoo Finance AlphaSpace data. About 72% of Wall Street ******* ysts that cover AMD rate the stock a Strong Buy or Buy.
AMD stock rose 5% in afternoon trading in response.
Leopold thinks AMD, with its powerful AI chips, will be a key player in the agent-driven workforce. Moreover, he sees the server central processing unit (CPU) market increasing at a 44% five-year compound annual growth rate to about $201 billion by 2030.
#price #strong #rate #simon
2 months ago
