Goldman Sachs raised its $AMD price target from $450 to $640, while keeping the stock as one of its preferred long ideas in semiconductors


The firm warns that after the massive rally, much of the good news may already be priced into the sector, with AMD being one of the exceptions
Goldman expects server CPU demand to drive AMD’s quarterly earnings above expectations, even if PCs remain weaker. It also sees AMD’s 2027 EPS coming in 13% above consensus, supporting the aggressive price target hike
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