Oppenheimer upgrades AMD rating, sets price target at $600
AMD Advanced Micro Devices Inc
$509.24 +13.41%
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- 1Oppenheimer upgraded AMD's rating to 'Outperform,' noting the company's undeniable success in servers and data centers.
- 2AMD's revenue for the third fiscal quarter reached $13.4 billion, a 45% increase from the previous year.
- 3CEO Lisa Su expects AMD's total company revenue growth to exceed 80% by 2027 despite supply constraints.
So what's the key point?
AMD is seeing great success in the server and data center sectors. Experts believe the company's growth will continue and expect the stock price to rise.
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