Raymond James raised the firm’s price target on AMD (AMD) to $200 from $120 and keeps an Outperform rating on the shares. AMD’s Q2 results and Q3 revenue outlook were above consensus estimates, with upside driven by Client and Gaming, while MI355X remains on track for strong growth in the second half of 2025, the analyst tells investors in a research note. The firm expects AI momentum to further accelerate with the upcoming launch of the rackscale product in 2026.
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