AMD price target raised to $455 from $365 at Raymond James

Raymond James raised the firm’s price target on AMD (AMD) to $455 from $365 and keeps an Outperform rating on the shares. AMD delivered a strong Q1 with higher Q2 guidance, driven by accelerating CPU strength alongside emerging GPU accelerator growth, with management highlighting a doubling CPU TAM to $120B by 2030 at a 35% CAGR, reinforcing share gains across both segments and increasing confidence in long-term earnings power approaching $20, the analyst tells investors in a research note.