UBS Lifts Advanced Micro Devices Price Target to $670 Citing AI CPU Demand
AMD•UBS raised Advanced Micro Devices’ 2027 price target to $670 from $455, citing improving server CPU demand trends driven by AI workloads. The bank boosted standalone CPU revenue projections to $16 billion for 2026, $23 billion for 2027, $29 billion for 2028 and $50 billion by 2030.
1. UBS Raises 2027 Price Target
UBS boosted its price target on Advanced Micro Devices to $670 from $455 and maintained a Buy rating, citing accelerating demand for standalone server CPUs as AI workloads expand across cloud infrastructure.
2. Upgraded Revenue Projections
The firm lifted its revenue estimates for standalone server CPUs to $16 billion in 2026, $23 billion in 2027, $29 billion in 2028 and $50 billion by 2030, reflecting expectations of increasing data center adoption of AMD’s EPYC processors.
3. Valuation and Execution Risks
Despite a roughly 275% share gain over the past year, AMD now trades above estimated fair value, with analysts noting potential valuation compression and execution challenges in scaling server markets amid intensifying competition.
