Morgan Stanley Lifts Amd Share Price Target to $360
Morgan Stanley lifted the amd share price target to $360 from $255 during earnings season, a 41.2% increase that puts a sharper number on its view of the stock. The bank said AMD still has solid demand behind it, but it is being cautious about how quickly GPU revenues ramp later in the year.
AMD Demand and GPU Ramp
$360 is the new target Morgan Stanley assigned to AMD after raising its prior $255 call. The move gives the stock more room on paper, yet the firm paired the higher number with a careful stance on the timing of GPU revenue growth, which means the valuation upgrade is not a blanket bet on every part of the business moving faster at once.
140% is the year-to-date gain Morgan Stanley cited for Navitas when it lifted that target as part of the same semiconductor review. That figure, along with AMD’s revised target, shows the bank leaning further into the chip trade as earnings season kept improving the tone around the sector.
Semiconductor Targets Rise
$58 is Morgan Stanley’s new target for GlobalFoundries, up from $47. The firm also tied its optimism there to potential pricing gains in trailing edge foundry and growing interest in silicon photonics, while the higher AMD target sits in the same broader push across semiconductor names.
$47 is the new target Morgan Stanley set for IonQ, up from $38, while Microchip Technology was raised to $92 from $69. Navitas was lifted to $12.50 from $4.50, and Morgan Stanley said the stock was already trading near 33x forward sales, a valuation that leaves less room for easy upside if execution slows.
What AMD Readers Watch
$360 now serves as the mark traders can compare against AMD’s current level as earnings-season revisions continue across the chip group. For holders, the practical point is simple: Morgan Stanley’s call is more constructive on demand than on near-term GPU revenue timing, so any move in the shares is likely to track whether later updates support that ramp.
