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AI compiled from Infoway · 8 analyzed stories

Oppenheimer upgrades Advanced Micro Devices to Outperform from Perform, sets price target at $600

Oppenheimer upgraded Advanced Micro Devices from Perform to Outperform and set a $600 price target. The target was described as 33.6% above the stock’s Nov. 6 closing price of $449.04. Five other recent analyst targets listed in the article ranged from $550 to $700.

Published:

Updated:

What happened

Oppenheimer raised its view of Advanced Micro Devices from Perform to Outperform and set a $600 price target after the company reported quarterly revenue of $13.4 billion, up 45% from a year earlier. The firm also raised estimates, citing data center and server sales.

Global impact / market context

The upgrade reflects one firm’s stronger view of AMD’s business and expected growth. Its price target is an analyst estimate, not a promise, and the supplied evidence does not confirm how investors reacted.

What to watch

  1. Check AMD’s next revenue report to see whether sales growth continues; this tests the growth behind the upgrade.
  2. Check updates from AMD on next year’s revenue outlook; management expects growth above 80% despite supply limits.
  3. Check whether later Oppenheimer updates keep or change the $600 target and raised estimates; these are the firm’s expectations, not guaranteed results.

Affected assets

  • Advanced Micro Devices
  • NVDA

Evidence