AMD's Rising Star - What's Behind Goldman Sachs' Surprising Price Target Increase?

Benzinga2023-12-19

ZINGER KEY POINTSGoldman Sachs raises AMD's target to $157, predicts strong Data Center GPU market performance.AMD's revenue and EPS forecasts for 2023-2025 see significant upward revisions, driving ...

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href=https://www.benzinga.com/news/23/12/36286495/amds-rising-star-whats-behind-goldman-sachs-surprising-price-target-increase><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSGoldman Sachs raises AMD's target to $157, predicts strong Data Center GPU market performance.AMD's revenue and EPS forecasts for 2023-2025 see significant upward revisions, driving ...</p>\n\n<a href=\"https://www.benzinga.com/news/23/12/36286495/amds-rising-star-whats-behind-goldman-sachs-surprising-price-target-increase\">Source 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and AMD as the key beneficiaries of a resumption of PC volume growth.The analyst continues to be bullish on Micron and expects improving industry supply/demand dynamics to drive a multi-quarter positive EPS revision cycle.For AMD, Hari projects CY23 revenue and EPS of $22.63 billion and $2.70, CY24 revenue and EPS of $27.82 billion (prior $26.07 billion) and $4.30 (prior $3.88), and CY25 revenue and EPS of $36.23 billion (prior $32.83 billion) and $7.18 (prior $6.40).","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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