Evercore Lifts AMD Price Target to $328, Leaning on Data Center Momentum
Evercore ISI raised its price target on Advanced Micro Devices to $328 from $283 and retained an Outperform rating, citing management guidance for robust data center revenue expansion and sequential increases in GPU sales outside China. The move follows a quarter Evercore characterized as a "beat/raise," even as AMD shares dipped in after-hours tra…