Analyst upgrades AMD stock price target for the next 12 months

分组1 - KeyBanc's Jon Vinh raised the 12-month forecast for Advanced Micro Devices (AMD) stock to $270, indicating a potential 26.84% rally from the current price of $212.86, despite a 0.61% decline since the start of the year [1] - The analyst upgraded AMD's rating from 'Hold' to 'Buy', citing strong internal and external factors, including a surge in hyperscaler demand leading to AMD being nearly sold out of server CPUs for 2026 and a potential price increase of 10-15% in Q1 2026 [2][4] - AMD's server CPU sales are expected to grow at least 50% this year, potentially supporting revenue between $14 billion and $15 billion in 2026, driven by demand for MI455/Helios solutions [4] 分组2 - The upgrade in price target reflects renewed confidence that AMD will close the gap with Nvidia in the semiconductor market by 2026 [3] - Despite the positive outlook, there are concerns regarding AMD's ability to sell its products, leaving some uncertainty in the market [6] - AMD's recent focus on AI and the lack of new consumer hardware has led to mixed reactions, particularly from the gaming community, which is concerned about potential price increases and production cuts for consumer chips [7][8]