Investment institutions raise AMD’s target stock price
Some time ago, Mercury Research, a research, and analysis company reported that AMD’s share of the x86 processor market is continuing to grow and has reached the second-highest position in history after the fourth quarter of 2006. In the third quarter of 2021, AMD’s overall market share of x86 processors increased by 2.1% from the previous month to 24.6%, which is approximately one quarter, close to the historical high of the fourth quarter of 2006 (25.3%). With AMD’s current development trend, in the fourth quarter of 2021, it is likely to exceed the historical high in the fourth quarter of 2006.
According to Wccftech reports, several investment institutions have issued new reports that have raised their target stock prices for AMD. Among them, Wells Fargo, Susquehanna, and Wedbush have all raised their target stock prices to more than $160. Wells Fargo professional analyst Aaron Rakers said, given AMD’s cooperation with Facebook and Microsoft, as well as a strong data center lineup, AMD’s target stock price has been adjusted from $145 to $180, which is also the highest priced among all institutions.
Recently AMD CEO Dr. Lisa Su demonstrated EPYC processors code-named Milan-X, Genoa and Bergamo, and Instinct MI200 series computing cards at the “AMD Accelerated Data Center Premier” event. It seems that these professional investment institutions have been given considerable confidence, and the stock price has once rushed to more than $150. IBM also followed Facebook and Microsoft, choosing to build related products for customers based on the third-generation EPYC processor.
