Advanced Micro Devices (AMD)
Analyst Update
AMD continues to attract broad analyst coverage, as multiple firms reiterated positive ratings and selectively raised price targets, reflecting sustained confidence in the company’s AI-driven data center momentum and competitive positioning across CPUs and GPUs.
TD Cowen reiterated its Buy rating, underscoring confidence in AMD’s expanding footprint in AI accelerators and server CPUs. The reiteration suggests continued belief in earnings leverage from MI300-series GPU deployments and share gains against competitors in cloud and enterprise markets.
Royal Bank of Canada maintained a Sector Perform rating with a $230.00 price target, implying moderate upside from current levels. This more measured stance likely reflects valuation sensitivity following strong multiple expansion, as well as competitive intensity in AI accelerators. While AMD’s product roadmap remains credible, RBC appears to view risk-reward as balanced relative to peers.
Mizuho Financial Group raised his price target to $280.00 from $275.00, maintaining an Outperform rating. The upward revision signals improving visibility into AI GPU adoption and strengthening revenue mix toward higher-margin data center segments. Mizuho’s stance suggests confidence that AMD can materially scale AI-related revenue contributions over the next several quarters, supporting operating margin expansion.
The Benchmark Company reiterated a Buy rating with a notably bullish $325.00 target, implying substantial upside potential. This outlook reflects expectations of accelerated AI GPU market penetration, sustained EPYC CPU share gains, and structurally higher long-term earnings power driven by data center and high-performance computing demand.
Piper Sandler maintained an Overweight rating, reinforcing the thesis that AMD remains a key beneficiary of AI infrastructure spending, particularly as hyperscalers diversify suppliers and seek performance-per-watt advantages.
Goldman Sachs raised its target to $240.00 from $210.00 while maintaining a Neutral rating. The target increase acknowledges improved earnings trajectory and AI exposure, yet the Neutral stance indicates Goldman views valuation as more reflective of forward growth assumptions, limiting near-term multiple expansion absent incremental upside surprises.
From a fundamental perspective, AMD’s investment case centers on three pillars: (1) sustained data center CPU share gains via its EPYC platform, (2) AI GPU scaling through MI300 deployments, and (3) margin expansion as mix shifts toward higher-value enterprise and cloud workloads. Revenue cyclicality in consumer PCs remains a moderating factor, but stabilization in that segment reduces downside risk.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
