AMD (AMD) PT Raised to $125 at Northland Capital Markets

July 28, 2021 6:54 AM EDT
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Price: $102.54 -5.2%

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Northland Capital Markets analyst Gus Richard raised the price target on AMD (NASDAQ: AMD) to $125.00 (from $116.00) while maintaining an Outperform rating.

The analyst commented, "AMD reported strong Q2 and guided Q3 up and raised revenue growth guidance for CY21 from 50% to 60%. All product lines are driving growth and AMD is winning higher margin SKUs. We believe AMD outperformance is drive by superior products built on a superior manufacturing process. We do not expect this advantage to diminish any time soon. We reiterate our OP and raise our PT to $125."

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