Wells Fargo Lifts PT on Advanced Micro Devices (AMD) – Here’s Why

Wells Fargo Lifts PT on Advanced Micro Devices (AMD) – Here’s Why Noor Ul Ain Rehman Mon, July 6, 2026 at 6:37 PM GMT+2 1 min read AMD WFC Advanced Micro Devices, Inc. (NASDAQ: AMD ) is one of the best long-term growth stocks to invest in now . Wells Fargo lifted the price target on Advanced Micro Devices, Inc.

(NASDAQ:AMD) to $615 from $505 while maintaining an Overweight rating on the shares. The firm stated that EPYC server CPU demand strength plus pricing upside drives an increase. It added that it is maintaining above-Street data center GPU revenue estimates, with 2027 and 2028 EPS moving to $13.

40 and $18. 75. Is Advanced Micro Devices (AMD) One of the Top 10 Dividend Stocks to Buy According to Reddit?

For reference, in its financial results for fiscal Q1 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) reported revenue of $10. 3 billion, net income of $1.

4 billion, gross margin of 53%, operating income of $1. 5 billion, and diluted earnings per share of $0. 84.

Gross margin on a non-GAAP basis was 55%, while operating income was $2. 5 billion, with net income of $2. 3 billion and diluted earnings per share of $1.

37. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing, visualization technologies, and graphics.

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