KeyBanc raised the firm’s price target on AMD (AMD) to $330 from $300 and keeps an Overweight rating on the shares after the company announced a multi-year agreement with Meta (META) to deploy 6GW of AMD GPUs, with initial shipments beginning in the second half of 2026. Despite concerns regarding dilution, the firm views this as resourceful way to get Meta to commit resources to develop on AMD’s unproven AI platform. KeyBanc sees positive implications.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AI Daily: AMD, Meta expand partnership
- AMD Buy Rating Driven by Underappreciated Meta 6GW AI Accelerator Deal, OpenAI Partnership, and Long-Term EPS Upside
- AMD price target raised to $358 from $328 at Evercore ISI
- Meta’s multi-year deal strengthens long-term case for AMD, says Rosenblatt
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories on Feb. 24