Baird Analyst Predicts AMD Stock Price To Hit $1250: When Will it?

Advanced Micro Devices, Inc. (AMD) had a stellar quarter with revenue beating Wall Street estimates. The company’s revenue came in at $11.54 billion, higher than Wall Street estimations of $11.31 billion, and an increase of 50% year-on-year. AMD’s rising revenue is expected to continue over the coming years. Baird analysts raised their stock price target from $625 to $1,250 amid the ongoing craze around AI-based stocks. Let’s discuss when, if at all, AMD can deliver on the stock price prediction.

When Can AMD Stock Price Deliver On Baird’s $1250 Prediction?

AMD’s upswing follows a market-wide trend. The surge in AI demand and the increased spending on data centers has led to a surge in the earnings of chip manufacturers. Wall Street analysts are also becoming increasingly bullish on AI chip makers, with AMD and Nvidia taking top precedence. Baird’s $1250 prediction for AMD is the highest among Wall Street. Other firms are still quite conservative, with predictions ranging from roughly $550 to around $725.

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