From Nasdaq: 2025-01-20 08:30:00

Loop Capital initiated coverage on Advanced Micro Devices Inc. (AMD) with a Buy rating and a $175 price target, leading to a 4.2% increase in stock price. Analyst forecasts give a $178.61 price target, reflecting a 49% increase from current levels.

Despite a 24.4% decline in the last year, Loop Capital believes AMD stock undervalues the company’s success in accelerated computing and market share expansion opportunities in PC and server markets, offering growth potential for investors.

AMD is set to launch its MI300X GPUs in Q1 2025, positioning itself to capture market share from competitors like NVIDIA. The AI inference capabilities of the MI300X series are crucial as demand for AI workloads is expected to grow significantly, providing a revenue growth opportunity for AMD.

Investors looking to get involved with AMD stock may find it undervalued relative to its growth potential. The technical outlook is favorable, with the stock trading below its moving average and near oversold levels. Options traders are bullish on AMD ahead of the earnings report on February 4, with a focus on $130 call options.



Read more at Nasdaq:: AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence