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Baird Analyst Doubles AMD Price Target to $1,250 (155% Upside) After Stock's 10% July Drop, Citing Microsoft's Strong Azure Growth
Baird analyst Tristan Gerra has doubled the price target for AMD (NASDAQ:AMD) to $1,250 from $625, implying a 155% upside potential. This move follows a 10% decline in AMD's stock price during July and is attributed to Microsoft's strong Azure growth of 43% and a projected $116 billion in FY2026 capital expenditure, which validated hyperscaler AI spending and triggered a 13% single-day rally for AMD on July 30.
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