Why This Analyst Is Betting AMD Stock Can Hit $1,250 in the Next Year

Advanced Micro Devices (AMD) has taken the limelight this year among investors and analysts, as its AI customer base continues to grow and it gains greater visibility into its prospects. While the AI-chip space is deeply contested, with one notably big player, AMD has been gaining ground lately.

Baird analysts have turned extremely bullish on the stock, doubling its price target from $625 to $1,250, which indicates a 139.5% upside from current levels. That’s coming after the stock has almost doubled this year. Maintaining an “Outperform” rating, Baird analysts now see AMD’s AI GPU revenue climbing to $147 billion by 2030 and its market share reaching a significant 15%.