Morgan Stanley Raises AMD Price Target to $246 on Strong AI Datacenter Outlook
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks on Wall Street’s Radar. On October 7, Morgan Stanley analyst Joseph Moore raised the price target on the stock to 168.00) while maintaining an Equal Weight rating. The firm lifted its 2027 datacenter GPU estimates for AMD from 20 billion, following management’s remarks about “tens of billions of annual AI datacenter revenue” in that timeframe. The firm’s revised projections for 2027 now include reven ...