Wedbush keeps AMD at Outperform with $600 price target
Wedbush reiterated its Outperform rating on AMD with a $600 target, implying about 11.5% upside from the October 19 close, per TradingView citing Benzinga.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to TradingView, citing Benzinga, Wedbush analysts reiterated their Outperform rating on Advanced Micro Devices and kept a $600 price target. The target implies upside of roughly 11.5% from the October 19 close of $538.05.
The analyst note points to strong expected growth, with management forecasting that Data Center revenue will double by 2027 and that server CPU demand will rise sharply from one quarter to the next. Wedbush also highlights a shift toward higher-margin products such as Epyc and Helios, along with an expected ramp in GPU shipments that could support gross margins and revenue.
why it matters
A single analyst reiterating a rating rarely moves the broader market, but it signals that expectations for AMD in AI and server chips remain high. For chip investors, such notes offer a read on sentiment around major semiconductor makers.
market impact
AMD and chip sector: positive analyst views support investor interest in the stock
tags
instruments
sources
- Wedbush reiterates Outperform rating on Advanced Micro Devices, $600 price target — TradingView, 20 October 2026 at 12:37 UTC
- Advanced Micro Devices Price Target Maintained With a $600.00/Share by Wedbush — Dow Jones Newswires, 20 October 2026 at 12:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗