Bernstein upgraded AMD (AMD) to Outperform from Market Perform with a price target of $525, up from $265. The company’s Q1 results were “very good,” with data center, client and gaming above expectations, the analyst tells investors in a research note. Bernstein now sees over $14 in earnings per share for AMD in 2027, and believes approaching $20 in 2028 “feels plausible assuming the AI boom continues.” The shares “probably go up from here even after the run,” the firm says.
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