Analysts Forecast Growth for AMD and Uber

Shares of Palantir Technologies (NASDAQ: PLTR) have climbed by 255% over the last year, bringing its market value to about $200 billion. However, several Wall Street analysts expect Advanced Micro Devices (AMD) and Uber Technologies (UBER) to top that market cap in the next year.

According to Jim Kelleher at Argus Research, AMD has a 12-month price target of $160 per share, indicating a 52% gain from its current share price of approximately $105. This would result in a $260 billion market cap for the company.

Mark Mahaney at Evercore has set a 12-month price target of $115 per share for Uber, suggesting a 55% upside from its current price of $74, which would confer a $240 billion market cap to Uber.

Advanced Micro Devices: 52% Implied Upside

AMD focuses on chip design for major markets including data centers, laptops, gaming consoles, and embedded processors. The company’s market share has increased in CPUs, particularly against rivals like Intel, but it continues to lag behind Nvidia in the GPU market.

Despite strong financial results in the last quarter, productivity in data center sales fell short of estimates. Total revenue saw a 24% increase to $7.6 billion, and net income increased by 42% to $1.09 per share. CEO Lisa Su anticipates a significant growth in AMD’s data center AI sales, moving from $5 billion in 2024 to “tens of billions of dollars” in the coming years.

Kelleher noted, ‘Share gains in client and in data center CPUs, combined with market leadership in gaming, positions AMD for long-term growth.’

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