Benchmark analyst Cody Acree raised the firm’s price target on AMD (AMD) to $485 from $325 and keeps a Buy rating on the shares. The firm believes the company’s Q1 beat, its June-quarter guidance well above Street, and a doubling of its projected server CPU compound annual growth rate and addressable market estimate “materially improved investor confidence in the breadth, durability, and visibility of the company’s AI-driven growth.”
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