Susquehanna Lifts Advanced Micro Devices Price Target to $375 on Data Center Demand
Advanced Micro Devices shares rose 2% after Susquehanna raised its price target to $375 from $300, citing robust first-half data center demand for MI350 accelerators ahead of MI450 and Helios launches. The analyst forecasts $17 billion in GPU revenue for 2026 as AMD prepares Q1 results due May 5.
1. Susquehanna Raises Price Target
Susquehanna analyst Christopher Rolland increased the price target on Advanced Micro Devices from $300 to $375, maintaining a Positive rating. AMD shares responded with a roughly 2% gain following the upgrade.
2. Strong Data Center Demand and Product Roadmap
The analyst highlighted sustained demand for AMD's MI350 accelerator GPUs driving stronger-than-expected first-half performance, with MI450 and Helios launches projected to accelerate growth later in 2026. Rolland forecasts $17 billion in GPU revenue for the year, underscoring the importance of data center sales ahead of Q1 results due May 5.