Major Brokerage Lifts Advanced Micro Devices Target to $670 on Server CPU Growth
AMD•Advanced Micro Devices saw its price target raised to $670 from $455 by a major brokerage, citing accelerating server CPU demand. The firm lifted server CPU revenue forecasts to $16B in 2026, $23B in 2027, $29B in 2028 and $50B by 2030 while warning of valuation and execution risks.
1. Bank Lifts Price Target
A major brokerage raised Advanced Micro Devices' price target to $670 from $455, reflecting confidence in accelerating server CPU demand and strong share momentum over the past year.
2. Upgraded CPU Revenue Forecasts
Server CPU revenue projections were increased to $16 billion in 2026, $23 billion in 2027, $29 billion in 2028 and $50 billion by 2030 based on an unchanged 35x multiple, underlining robust growth expectations in data center markets.
3. Valuation and Execution Risks
Analysts caution that despite improving profitability and cash generation, Advanced Micro Devices remains exposed to valuation compression and execution risks if growth slows in key server markets or competition intensifies.
