Hedge funds are buying these two big tech stocks while selling two rivals
Investing.com - Barclays has reiterated an Overweight rating on Advanced Micro Devices (NASDAQ:AMD) with a price target of $300.00, sitting below the analyst high target of $380 but well above AMD’s current price of $237.52. According to InvestingPro data, AMD appears overvalued compared to its calculated Fair Value.
The research firm expressed confidence in AMD’s competitive positioning in artificial intelligence markets, noting the company presented an updated total addressable market (TAM) and long-term financial targets during a recent event. AMD has established itself as a prominent player in the Semiconductors & Semiconductor Equipment industry with a substantial market capitalization of $386.69 billion.
Barclays highlighted AMD’s long-term financial projections, which imply earnings per share in 2028 that exceed current investor expectations, with the potential to reach beyond $20 in the long term according to the firm’s calculations.
The report mentioned that AMD continues to see accelerated CPU demand from both cloud and enterprise customers as a direct function of artificial intelligence workloads, though no new AI product announcements were made.
Barclays also noted AMD’s mention of semi-custom silicon as a potential opportunity in AI, though characterized this as a longer-term growth driver rather than an immediate catalyst.
In other recent news, AMD has been the focus of several analyst updates following its investor presentations and financial outlooks. Melius Research has raised its price target for AMD to $380, emphasizing the company’s promising margin guidance and expectations for over 35% revenue growth in the coming years. BofA Securities maintained its $300 price target, highlighting AMD’s ambitious vision for the artificial intelligence market, which includes a projected AI silicon total addressable market exceeding $1 trillion by 2030. Similarly, Jefferies reiterated a Buy rating with a $300 price target, noting a positive outlook across all business segments, particularly in AI.
Evercore ISI has also adjusted its price target, raising it to $283, citing increased confidence in AMD’s MI450 product ramps and market share gains. Meanwhile, Bernstein has reiterated a Market Perform rating with a $200 price target, pointing out AMD’s aggressive long-term targets for revenue and earnings per share growth. These recent developments suggest that analysts are largely optimistic about AMD’s future prospects, particularly in the AI sector.
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