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Baird Doubles AMD Price Target to $1,250, Maintains Outperform Rating on AI Growth

Stocks AI Industry News

2026-07-24 10:57:33

AMD-3.29%

According to BlockBeats, Baird on July 24 raised Advanced Micro Devices (AMD) price target to $1,250 from $625 while maintaining an "outperform" rating, a 100% increase driven by strong growth expectations for AMD's AI GPU and AI CPU platforms. In its forecast model, Baird assumes AMD will capture 15% of the AI GPU market, with AI GPU revenue projected to reach $147 billion by 2030. The analyst based the significant price target increase on estimates for AMD's preliminary earnings per share by early 2030.

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Comment

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TraderFanXiaoqin

· 7h ago

Buy the dip and enter 😎

View OriginalReply0