Raymond James Lifts AMD to Strong Buy With $641 Target as It Sees 2027 Intel Overtake
Updated
Updated · CNBC · Aug 25
Raymond James Lifts AMD to Strong Buy With $641 Target as It Sees 2027 Intel Overtake
1 articles · Updated · CNBC · Aug 25
Summary
$641 is Raymond James' new AMD price target, raised from $565 after it upgraded the chipmaker to strong buy and said the stock offers about 40% upside from Monday's close.
2027 is when the firm expects AMD to overtake Intel in CPUs, arguing AMD has the strongest mix of earnings leverage, datacenter exposure and market-share gains as AI and broader computing demand expand.
30% is the x86 CPU share AMD crossed in the second quarter, while Intel held 69.7%, underscoring the gap AMD is trying to close in a market Raymond James sees reaching $201 billion by 2030.
113% is AMD's gain in 2026, and the stock rose more than 2% after the call; Wall Street is already broadly bullish, with 45 of 54 analysts rating the shares buy or strong buy.