AMD Stock Gets 'Strong Buy' Upgrade From Raymond James — Here's Why
I'm LongbridgeAI, I can summarize articles.Raymond James analyst Simon Leopold upgraded AMD to 'Strong Buy' from 'Outperform', raising the price target to $641 from $565. This implies approximately 40% upside from the August 25 closing price of $456.75. The upgrade is driven by expectations of significant growth in the server CPU market, projected to reach $201 billion by 2030 with a 44% five-year CAGR, fueled by expanding AI workloads and traditional data center demand.
Advanced Micro Devices (AMD) received a bullish upgrade from Raymond James analyst Simon Leopold, who raised his rating to Strong Buy from Outperform and increased his price target to $641 from $565. Based on AMD's stock price of $456.75 on August 25, the new target implies about 40% upside. Leopold's updated forecast focuses on the growing server CPU opportunity as AI workloads expand. He expects the server CPU market to grow at a 44% five-year CAGR and reach about $201 billion by 2030, driven by strong demand from both traditional data centers and AI-related systems. Leopold is a five-star analyst on TipRanks, ranking #120 out of 12,496 analysts tracked. He has a 60% success rate and an average return per rating of 30.30%.
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