UBS lifts AMD price target to $670, cites booming server CPU demand
AMD•UBS lifted AMD’s price target to $670 from $455, noting accelerating server CPU demand has driven a 275% rally in the stock. The bank raised AMD’s server CPU revenue forecasts to $16B in 2026, $23B in 2027, $29B in 2028 and $50B by 2030, while warning of execution risks.
1. UBS Raises AMD Price Target
UBS increased its price target for Advanced Micro Devices to $670 from $455, highlighting stronger server CPU demand trends and gains in data-center market share as key catalysts.
2. Upward Revenue Projections
The firm revised AMD’s CPU server revenue estimates to $16 billion in 2026, $23 billion in 2027, $29 billion in 2028 and $50 billion by 2030, reflecting expectations for accelerating adoption of high-performance computing workloads across cloud and enterprise clients.
3. Valuation and Execution Risks
Despite robust growth forecasts and a 275% stock rally over the past year, UBS cautioned that elevated valuations and potential execution challenges in scaling server CPU operations could pressure the share price if targets are missed.
