Goldman Sachs Boosts AMD Price Target, Shares Jump 6.6%
AMD•Goldman Sachs lifted its price target on AMD and affirmed a Buy rating, sparking a 6.6% rally that pushed shares to 552.05. Teradyne shares also climbed after its own price target was raised by the same firm.
1. Price Target Upgrade by Goldman Sachs
Goldman Sachs raised its price target on AMD and maintained a Buy rating, highlighting continued strength in data center GPUs and AI inference chips as the key drivers behind its bullish stance.
2. Market Reaction and Performance
AMD shares surged 6.6% to close at 552.05, representing one of the largest single-day gains in recent weeks, while Teradyne stock also posted gains following a similar price target increase by the same firm.
