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Bernstein’s Stacy Rasgon decided to raise the AMD forecast from $235 to $265.
Bernstein raised AMD's 12-month price target from $235 to $265 after factoring server and PC demand.
KEY POINTS
- Bernstein increased its Q1 revenue estimate for AMD from $9.8 billion to $9.9 billion.
- Despite bullish revisions, Bernstein maintained a 'market perform' (Hold) rating on AMD.
- AMD stock has surged 31.61% in 30 days and outperformed Nvidia's 2024 growth.
- No analyst has rated AMD as 'Sell' since January 16, according to TipRanks data.
COMPANIES
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