Advanced Micro Devices (AMD) Sees 70% Price Target Increase and Hits All-Time High
Advanced Micro Devices (AMD) reached a new all-time high after an investment firm upgraded its rating and raised its price target by 70%. DA Davidson increased its price target to $375 from $220, citing strong demand for AMD's CPUs in data centers and AI workloads. The stock rose 13.91% on Friday.
Topics: AI demand AMD analyst recommendation CPU market price target increase stock rating upgrade