UBS Raises Advanced Micro Devices’ Price Target 47% to $670 on Server CPU Demand
AMD•UBS boosted Advanced Micro Devices’ price target by 47% to $670 from $455, citing strengthening server CPU demand and expanding AI workloads. It lifted server CPU revenue forecasts to $16bn in 2026, $23bn in 2027, $29bn in 2028 and $50bn by 2030.
1. UBS Lifts Price Target
UBS raised Advanced Micro Devices’ 12-month price target to $670 from $455 and reaffirmed its Buy rating, citing strengthening server CPU demand and broader adoption of standalone chips for AI workloads.
2. Upgraded Server Revenue Forecasts
The firm boosted AMD’s server CPU revenue estimates to $16bn in 2026, $23bn in 2027, $29bn in 2028 and $50bn in 2030, reflecting expectations of accelerating AI-driven data center growth.
3. Valuation and Execution Risks
Despite a roughly 275% share gain over the past year, UBS warned that AMD’s high valuation could face pressure if server market growth slows or competition intensifies, highlighting potential execution challenges.
