Analyst raises AMD stock price target
Photo: Finbold
Aletheia Capital raised its Advanced Micro Devices (NASDAQ: AMD ) stock price target from $700 to $800 on October 28, maintaining a “Buy” rating on the tech company. Analyst Warren Lau, whose revised target represents an increase of 14.29% from the previous one, cited stronger demand for server CPUs and artificial intelligence ( AI ) computing. The revision follows updated earnings estimates and is supported by strengthening supply chains and AMD’s competitive product portfolio. Based on AMD’s share price of $560.26 at press time, the new target implies 42.79% upside potential.
Source: Finbold
