Citigroup Raises AMD Stock Price Target
AMD stock entered 2025 trading at $120 but plunged 35% in value after Trump’s Liberation Day in April. It dipped to a yearly low of $78 but quickly regained in value after the President announced a 90-day pause on tariffs. AMD dipped in value because more than 50% of its sales come from overseas and tariffs impact its revenues and balance sheet the most. Now that things are relatively stable, Citigroup has raised AMD stock price prospects giving a ‘buy’ call to clients.
Also Read: Citi Hikes Nvidia (NVDA) Stock Price Target: Should You Buy?
AMD Stock Gets a New Revised Price Target by Citigroup
Citigroup projects that AMD stock could reach a high of $145, it wrote in a recent note to clients. It revised the target from its previous projection of $120. The updated outlook makes the leading GPU maker among the equities to watch out for this year. The new target comes after the tech giant is in the race to come out on top in the AI technology.
AMD stock price is currently hovering around the $134 range and could surge by 8% if Citigroup’s forecast turns accurate. Therefore, an investment of $1,000 in AMD could turn $1,080, which is decent returns in current times.
Since the Covid-19 lockdowns, AMD has been the highlight of the broader US markets. It has surged by more than 140% in five years and at one point even went above 250%. Both retail and institutional investors, including Citigroup clients, have been chasing returns from the AMD stock.
Also Read: Broadcom (AVGO) Stock Forecast Receives 70% Boost
According to Citigroup, AMD is on the path to generating profits due to an increase in semiconductor earnings in Q2, which could push the stock’s price up. It has also heavily invested in the AI technology to spending a major chunk on research and development. The broader GPU sector is showing signs of a rebound and AMD stock could benefit the most from the development.
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Citigroup Raises AMD Stock Price Target
AMD stock entered 2025 trading at $120 but plunged 35% in value after Trump’s Liberation Day in April. It dipped to a yearly low of $78 but quickly regained in value after the President announced a 90-day pause on tariffs. AMD dipped in value because more than 50% of its sales come from overseas and tariffs impact its revenues and balance sheet the most. Now that things are relatively stable, Citigroup has raised AMD stock price prospects giving a ‘buy’ call to clients.
Also Read: Citi Hikes Nvidia (NVDA) Stock Price Target: Should You Buy?
AMD Stock Gets a New Revised Price Target by Citigroup
Citigroup projects that AMD stock could reach a high of $145, it wrote in a recent note to clients. It revised the target from its previous projection of $120. The updated outlook makes the leading GPU maker among the equities to watch out for this year. The new target comes after the tech giant is in the race to come out on top in the AI technology.
AMD stock price is currently hovering around the $134 range and could surge by 8% if Citigroup’s forecast turns accurate. Therefore, an investment of $1,000 in AMD could turn $1,080, which is decent returns in current times.
Since the Covid-19 lockdowns, AMD has been the highlight of the broader US markets. It has surged by more than 140% in five years and at one point even went above 250%. Both retail and institutional investors, including Citigroup clients, have been chasing returns from the AMD stock.
Also Read: Broadcom (AVGO) Stock Forecast Receives 70% Boost
According to Citigroup, AMD is on the path to generating profits due to an increase in semiconductor earnings in Q2, which could push the stock’s price up. It has also heavily invested in the AI technology to spending a major chunk on research and development. The broader GPU sector is showing signs of a rebound and AMD stock could benefit the most from the development.
Read More