Wall Street analyst updates AMD stock price target
Bernstein analyst Stacy Rasgon raised AMD's 12-month price target from $235 to $265, citing strong server demand, and maintained a 'Hold' rating. AMD's stock has surged 31.61% in the last 30 days, outperforming Nvidia's year-to-date gains.
Advanced Micro Devices (AMD) saw its 12-month price target raised by Bernstein analyst Stacy Rasgon from $235 to $265. The revision followed AMD's 31.61% stock surge over the last 30 days. Rasgon maintained a 'Hold' rating despite increasing Q1 revenue and EPS expectations. AMD's stock is now expected to rally 2.57% from its current price of $258.37. The semiconductor company's success has outpaced Nvidia's year-to-date gains. According to TipRanks, AMD has a 'Moderate Buy' rating with an average 12-month price target of $285.67, representing a 10.67% potential rally.
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