AMD price target raised to $200 from $150 at Roth Capital

Roth Capital raised the firm’s price target on AMD (AMD) to $200 from $150 and keeps a Buy rating on the shares. The company reported Q2 revenue ahead of consensus and guided above consensus Q3 revenue growth despite no recovery support from export control related AI GPUs, the analyst tells investors in a research note. Roth adds that it sees AMD’s core server processor, AI GPU, client, and gaming segments all contributing to growth with impressive share gains for the company.