Stifel Raises AMD Price Target to $320

Stifel analyst Ruben Roy raised the price target on AMD (NASDAQ: AMD) to $320.00 (from $280.00) while maintaining a Buy rating.

“We remain positive on AMD shares given multi-gigawatt strategic commitments from Meta and OpenAI, a counterseasonal CPU ramp, albeit against the backdrop of worsening supply constraints, and the MI450/Helios launch ahead, which, collectively, define what we view as incremental tailwinds against management’s $20+ longer-term EPS target.”

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