Advanced Micro Devices (AMD) Stock Rallies on Fresh Analyst Coverage and Upgraded Price Targets
The post Advanced Micro Devices (AMD) Stock Rallies on Fresh Analyst Coverage and Upgraded Price Targets appeared on BitcoinEthereumNews.com. Key Highlights Advanced Micro Devices gained 1.9% during pre-market hours following William Blair’s new Market Perform rating, with projections showing revenue could surge from $52B in 2026 to surpass $104B by 2028. Goldman Sachs analyst James Schneider increased his AMD price target to $640, maintaining bullish momentum throughout the week. Shares opened Thursday at $517.41, trading within a 52-week band of $137.59 to $584.73. First-quarter results exceeded forecasts with EPS of $1.37 versus $1.29 consensus, while revenue reached $10.25B, marking a 37.8% annual increase. The chipmaker confirmed its Q2 2026 earnings announcement for August 4, providing traders with an upcoming focal point. Shares of Advanced Micro Devices (AMD) advanced 1.9% before Thursday’s opening bell, reaching $517.41 as new analyst coverage and an upgraded price objective f