Cantor Fitzgerald Raises AMD Price Target to $700

Cantor Fitzgerald analyst C.J.

Muse raised the price target on AMD (NASDAQ: AMD) to $700.00 (from $500.00) while maintaining an Overweight rating.

“We believe AMD offers the greatest momentum in Compute, though we view both NVDA and AVGO as simply too inexpensive to ignore (despite funding shorts for HF’s).

On the other hand, recently debuted Compute play QCOM could revert back to a Smartphone story (at least near term) where we continue to see downside vs. consensus.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.