Morgan Stanley Raises AMD Price Target to $246 on Strong AI Datacenter Outlook

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks on Wall Street’s Radar. On October 7, Morgan Stanley analyst Joseph Moore raised the price target on the stock to $246.00 (from $168.00) while maintaining an Equal Weight rating. The firm lifted its 2027 datacenter GPU estimates for AMD from $13 billion to $20 billion, following management’s remarks about “tens of billions of annual AI datacenter revenue” in that timeframe. The firm’s revised projections for 2027 now include reven ...