Northland Reiterates Outperform Rating on AMD (AMD)

Northland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).

The analyst comments "We expect strong PC demand in 2025 as MFST ends support for Windows 10, which runs on an estimated 1.2B systems. Many of these PCs will be upgraded to Windows 11, but an estimated 326M are too old to upgrade. Our consensus PC client revenue growth of 5% is likely too low, and we think growth could be as high as 15% to 25%. Assuming stable x86 and INTC/AMD market share, the impact of the Windows 11 refresh could add $4.5B to $7.5B to INTC’s revenue and $1.0B to $1.7B to AMD’s in CY25."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $138.93 yesterday.

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