AMD To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Friday
Analysts cut targets for GWW, IE and COST, while raising targets for OKTA, AXGN, ZS and DRI; ratings remained unchanged.
Stocks · News reference
B of A Securities analyst Vivek Arya maintains Advanced Micro Devices (NASDAQ:AMD) with a Buy and raises the price target from $620 to $720.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Analysts cut targets for GWW, IE and COST, while raising targets for OKTA, AXGN, ZS and DRI; ratings remained unchanged.
AMD reached a $1 trillion market cap, joining Nvidia in an exclusive club. However, the article argues AMD is overvalued as a distant second in the AI accelerator market. While AMD has secured major deals with OpenAI, Meta, Anthropic, Oracle, and Microsoft, its data center revenue ($6.7B quarterly) significantly lags Nvidia's ($89B quarterly). AMD trades at a P/E of 158 (forward: 81) versus Nvidia's 28 (forward: 24), suggesting investors are paying a premium for inferior market position and thinner margins.
AMD stock gains 2% premarket following a technical breakout above key resistance. Analysts target up to $750 as AI momentum grows.