Melius Research upgrades AMD to Buy, sees potential for renewed upside in AI inferencing

From Financial Modeling Prep: 2025-06-23 16:11:00

Melius Research upgraded Advanced Micro Devices (AMD) to Buy from Hold, raising its price target to $175 from $110 due to a shift in investor sentiment and strong fundamentals. The stock has seen volatility, but Melius sees potential for renewed upside, especially in AI inferencing. The firm anticipates rising estimates through 2028, projecting earnings power exceeding $8 per share in two years. Despite missing the early rebound, Melius views the recent pullback as a buying opportunity for long-term investors.



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