AMD price target raised to $665 from $490 at Rosenblatt

Rosenblatt raised the firm’s price target on AMD (AMD) to $665 from $490 and keeps a Buy rating on the shares. The firm also named AMD its top semiconductor top long idea into earnings. The analyst expects AMD’s EPYC server to deliver over 70% year-over-year revenue growth at above corporate average gross margin. Rosenblatt sees the server dominating the high-end market, noting Intel’s Diamond Rapids server has been delayed.

‍

Link to full article