UBS Raises AMD Price Target to $670 on Server CPU Momentum
AMD•UBS lifted AMD’s 2027 price target to $670 from $455 and maintained a Buy rating, citing improving server CPU demand from AI workloads. It raised revenue forecasts to $16 billion in 2026, $23 billion in 2027 and $29 billion in 2028, after shares climbed roughly 275% over the past year.
1. UBS Lifts AMD Price Target
UBS boosted AMD’s 2027 price target from $455 to $670 and affirmed a Buy rating, citing improving demand for standalone server CPUs and accelerating workloads tied to artificial intelligence across global data centers.
2. Upgraded Server CPU Revenue Forecasts
Analysts raised AMD’s projected CPU server revenue to $16 billion for 2026, $23 billion for 2027 and $29 billion for 2028, reflecting expectations for broader adoption of AMD’s EPYC processors in hyperscale and cloud infrastructure environments.
3. Valuation and Execution Risks
Despite a roughly 275% gain in share price over the past year, AMD trades above estimated fair value and remains sensitive to potential valuation compression, intensifying competition in key markets and execution risks if growth in server and AI segments slows.
