Price target on AMD to $150

2021-08-05

After Amd's last earnings. Price targets will be going way up after $XLNX closes.

AMD price target raised to $150 from $135 at Rosenblatt

AMD price target raised to $130 from $125 at Susquehanna

Rosenblatt analyst Hans Mosesmann raised the firm's price target on AMD (AMD) to $150 from $135 and reiterates a Buy rating on the shares. The company reported "another big beat-and-raise," but this time is "even more compelling" given industry supply chain shortages and an "increasingly more vulnerable" Intel (INTC), Mosesmann tells investors in a research note. AMD took up sales growth for 2021 to the 60% level from 50% on broad-based demand and share gains "on everything they offer, literally," says the analyst.$AMD(AMD)$

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