Piper Sandler Analyst: Upside potential for AMD stock is 40%

Posted by:Alex Belov Posted on:May 18,2022

Analysts from Piper Sandler on May 17, 2022 improved their forecast for AMD shares: the target price was increased from $90 to $140 (possible upside potential of about 40%). The rating for the shares has changed from “Neutral” to “Overweight”.

Analyst Harsh Kumar of Piper Sandler said AMD still has strong medium- and long-term growth prospects. AMD’s strengths are in the development of servers and the growth of commercial PCs. “Good companies are worth buying when they have fallen hard,” the analyst said. The commercial PC market will help AMD maintain revenue and bottom line growth.

FORECAST DATE: May 17, 2022
Analyst "Piper Sandler"
AMD share price May 18, 2022 = $98.22
Target price in the next 12 months = $140
Percent upside potential for stocks
Share analytics

Alex Belov

Developers by oneinveststock.com. Analyst, investor

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