Advanced Micro Devices just got a fresh vote of confidence from one of Wall Street‘s most accurate stock pickers, even as the chip giant’s shares took a beating after earnings.

JPMorgan analyst Harlan Sur raised his price target on AMD (AMD) to $550 from $385 recently, according to a research note reviewed by TradingView.

Sur ranks number 15 out of 12,453 Wall Street analysts tracked by TipRanks, with a 71% success rate and an average return of 43.40% per rating.

Sur maintained his “Neutral” rating on the stock even as he raised the stock price target.

He told investors that AMD delivered another beat-and-raise quarter compared to consensus expectations, though the September quarter…