Wall Street Analysts Raises AMD Stock Target, Predicts Intel Overtake
Raymond James analyst Simon Leopold has raised Advanced Micro Devices, Inc (AMD) stock price from $565 to $641. The increased stock price target represents a near 33% upside from current levels. Leopold has a success rate of 60%, which gives substantial weight to his prediction. The analyst also anticipates AMD to overtake Intel by 2027. Leopold stated, โAMDโs growth should enable it to overtake Intel during 2027.โ
How Soon Can AMD Hit Its Stock Price Target?
Wall Street analysts have become increasingly bullish on AMDโs future. The optimistic outlook is no surprise. The ongoing AI boom has led to a massive surge in chip manufacturer valuations. AMDโs stock has seen some of its biggest rallies in the last year. The companyโs revenue has also hit record numbers. According to Leopold, โAMD offers the strongest combination of direct earnings leverage, datacenter positioning, and market-share gains.โ
Bernstein recently raised its stock price target for AMD from $525 to $650. DBS raised their target from $500 to $570. Morgan Stanley raised their target from $410 to $465, which has a downside of about 3.3% from current price levels.
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