Advanced Micro Devices Price Target Rises to $670 with $50B 2030 CPU Outlook
AMD•UBS raised Advanced Micro Devices’ 2027 price target to $670 from $455, citing projected server CPU revenue of $23 billion in 2027 and $50 billion by 2030 under a 35× multiple. Shares have climbed roughly 275% to $519 over the past year as AI-driven data center demand heats up.
1. UBS Price Target Hike
UBS lifted its price target for Advanced Micro Devices to $670 from $455 while maintaining a Buy rating, reflecting improving server CPU demand trends driven by AI workloads in global data centers.
2. Upgraded Revenue Projections
The firm increased AMD’s server CPU revenue forecasts to $16 billion in 2026, $23 billion in 2027, $29 billion in 2028 and $50 billion by 2030, all based on an unchanged 35× earnings multiple.
3. Stock Performance and Valuation Concerns
AMD shares have surged about 275% over the past year to around $520, prompting debate over potential valuation compression and execution risks if competition intensifies or growth in key server markets slows.
