Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the most promising future stocks to buy now. Advanced Micro Devices, Inc. (NASDAQ:AMD) received rating updates from UBS and Truist on February 4. UBS revised the price target on the stock to $310 from $330, maintaining a Buy rating on the shares and telling investors that Advanced Micro Devices, Inc. (NASDAQ:AMD) managed to outperform peers like Broadcom and Nvidia this year. These positive trends were supported by expectations of server strength.
However, the firm stated that the near-term EPS upside is limited because of a $1 billion gaming business cut. Despite that, CPU and GPU fundamentals remain positive, and a clear path to over $11 EPS in 2027 and more than $15 in 2028 appears visible. UBS thus believes that Advanced Micro Devices, Inc. (NASDAQ:AMD) could benefit from significant operating and EPS leverage in the latter part of the decade.
Truist also revised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD), lifting it to $283 from $277 while keeping a Buy rating on the stock and recommending that investors buy the weakness as the company’s “long-term growth message overwhelms the imperfections in Q4”.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics. The company’s technologies advance the future of the data center, embedded, gaming, and PC markets.
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Disclosure: None. This article is originally published at Insider Monkey.
