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Investing.com - Barclays (LON:BARC) raised its price target on Advanced Micro Devices (NASDAQ:AMD) to $200 from $130 while maintaining an Overweight rating on the stock. The semiconductor giant, currently valued at $282.6 billion, has seen its stock surge over 58% in the past six months. According to InvestingPro analysis, AMD is trading above its Fair Value, reflecting strong market optimism about its growth potential.
The research firm cited AMD’s strong artificial intelligence trends in its data center business and continued market share expansion in its client segment as key drivers for the more bullish outlook.
Barclays noted that AMD’s MI-series chips are reaching approximately $2.3 billion in run rate exiting the current year, creating what the firm sees as a clear path to more than $10 billion in revenue in calendar year 2026, excluding potential future contributions from China.
The client segment is also showing leverage with average selling prices up 42% year-over-year in June and expectations for continued market share gains, according to the research note.
While AMD had previously guided for flat performance in the second half of the year due to client pull-ins, the company is now revising expectations for growth in the third quarter and flat performance in the fourth quarter off a higher base.
In other recent news, Advanced Micro Devices (AMD) reported a notable 32% year-over-year increase in revenue for its second quarter of 2025, reaching $7.7 billion. This growth was primarily fueled by strong sales of its EPYC and Ryzen processors. The company also met earnings per share expectations at $0.48. Following these results, several analyst firms adjusted their outlook on AMD. Deutsche Bank (ETR:DBKGn) raised its price target from $130 to $150, maintaining a Hold rating, and noted that AMD’s revenue surpassed their estimates by 4%. Raymond (NSE:RYMD) James increased its price target significantly from $120 to $200, maintaining an Outperform rating, highlighting the strength in the Client and Gaming segments. Meanwhile, Goldman Sachs reiterated a Neutral rating with a $150 price target, suggesting the stock might remain range-bound despite the strong quarter. AMD’s third-quarter guidance of $8.7 billion also exceeded several analysts’ forecasts.
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