Citi Maintains Neutral on AMD With $260 PT as Muted Margin Leverage Tempers AI Growth
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best future stocks to buy for the long term. On January 15, Citi maintained a Neutral rating on AMD with a $260 price target. This decision was made following a transfer of coverage, when the firm noted that while the company’s AI division is expanding, this growth is being dampened by muted margin leverage. Citi explained that the costs of scaling are currently preventing AI gains from significantly boosting overall profitability. Furthermore, on Ja ...