Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 2c, Offers Outlook

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Go back to Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 2c, Offers Outlook

AMD (AMD) PT Raised to 'Street High' $120 at Rosenblatt on Multiple Tailwinds

July 29, 2020 7:30 AM EDT

Rosenblatt analyst Hans Mosesmann raised the price target on AMD (NASDAQ: AMD) to $120.00 (from $70.00) while maintaining a Buy rating, citing multiple tailwinds heading into the 2nd-half of 2020 and 2021, including strong share gains.

The analyst commented, "Strong beat and raise with AMD enjoying a multitude of tailwinds in 1H20 with server EPYC2 (Rome)... More