Brokerages Lift Price Targets 15% After AMD Reports $7B Q1 Revenue
Five brokerages raised AMD price targets by an average 15% after the company reported Q1 revenue of $7.0 billion, up 24% year-over-year. Analysts highlighted a 35% jump in data-center processor sales and a 200-basis-point gross margin expansion as key drivers of the upgrades.
1. Analyst Upgrades and Price-Target Raises
Five leading brokerages issued AI-driven rating changes for AMD, including three upgrades to buy and two price-target hikes averaging 15%, with top targets at $160 per share. Analysts cited acceleration in AI processor adoption as the primary catalyst for the bullish outlook.
2. Q1 Financial Performance
AMD posted Q1 revenue of $7.0 billion, a 24% increase year-over-year, surpassing consensus forecasts, while data-center segment sales jumped 35%. The company also delivered gross margins of 53%, up 200 basis points from the prior year, reinforcing expectations for sustained profitability.