Susquehanna Lifts Advanced Micro Devices Price Target to $375 on AI Demand
Susquehanna raised Advanced Micro Devices’ price target to $375 from $300 ahead of its May 5 first-quarter report, citing stronger AI and data center chip demand. Analysts project AMD’s GPU revenue could reach $17 billion in 2026, driven by MI350 deployments and the upcoming MI450 and Helios launches.
1. Price Target Hike
Susquehanna increased Advanced Micro Devices’ price target by 25%, lifting it to $375 from $300 ahead of the company’s first-quarter earnings report on May 5.
2. Strong AI and Data Center Demand
The upgrade reflects heightened confidence in demand for AI accelerators and data center GPUs as infrastructure spending ramps up across hyperscale customers.
3. Product Roadmap and Revenue Projections
Analysts forecast AMD’s GPU revenue to reach $17 billion in 2026, driven by ongoing MI350 deployments this year and the launch of MI450 and Helios accelerators later in the year.