Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the Stocks That Could 10X in the Next 3 Years. Wall Street has a mixed opinion about Advanced Micro Devices, Inc. (NASDAQ:AMD), even after the company topped revenue estimates for the fiscal second quarter of 2025. The stock has fallen more than 9% since August 5 on valuation concerns.
The company posted $7.69 billion in revenue, which was up 31.71% year-over-year and ahead of consensus by $255.65 million. Moreover, the EPS of $0.48 also stayed in line with the expectations.
On September 4, Christopher Danely from Citi reiterated a Hold rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $180. He noted that the company is expected to witness robust growth in its AI business, with significant growth coming from its GPU offerings. However, despite these positive indicators, Danely remains cautious due to the current valuation of the company, which he suggests is 37 times the estimated earnings per share for 2026.
However, on the same day, William Stein from Truist Financial reiterated a Buy rating on the stock with a $213 price target. More recently, Harsh Kumar from Piper Sandler also reiterated a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $190. Looking ahead, management expects third-quarter revenue to be approximately $8.7 billion, representing 28% year-over-year growth.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company specializing in high-performance computing, graphics, and visualization technologies.
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Disclosure: None. This article is originally published at Insider Monkey.