Raymond James upgraded AMD from Outperform to Strong Buy with a price target raised to $641 from $565. Analyst Srini Pajjuri forecasts a 44% compound annual growth rate for AMD’s relevant revenue through 2030, projecting $201 billion in revenue by that year. Data Center revenue surged 107% year-over-year in Q2 2026, confirming AMD’s market share gains in EPYC server CPUs and Instinct GPU accelerators. In under a year, Raymond James’s price target nearly doubled from $337 at initiation in November 2025.
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