Bank of America raised its price target for Advanced Micro Devices (AMD) to $720 from $620. The bank maintained its Buy rating.
The new target implies 14.42% upside from AMD’s previous closing price. Analysts overall have a Moderate Buy consensus rating.
AMD’s market capitalization has surpassed $1 trillion. Its AI technologies are seeing increased real-world adoption in Edge and life sciences applications, reinforcing the company’s position in AI infrastructure.