Wells Fargo raised its price target for AMD to $615 from $505 after increasing its estimates for the company’s server CPU revenue.
According to NS3.AI, Wells Fargo expects AMD to generate $16.0 billion in CPU revenue in 2026.
The firm left its GPU revenue estimates unchanged.
STOCKS | Wells Fargo Raises AMD Price Target to $615 After Lifting Server CPU Revenue Estimates
2026-07-01 12:38:18
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