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Gil Luria of DA Davidson flipped his rating from “Neutral’ to “Buy’ and launched his price target from $220 to $375.
Gil Luria upgraded AMD to 'Buy' and raised his price target from $220 to $375.
KEY POINTS
- Luria's price target assumes a 32x multiple of AMD's projected 2027 EPS.
- Intel's Q1 2026 revenue beat, driven by server CPU demand, signals similar upside for AMD.
- AI workload shifts are moving GPU-to-CPU ratios toward parity, boosting CPU demand for companies like AMD.
- AMD is now positioned to raise prices across its portfolio due to demand outpacing supply.
COMPANIES
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