UBS Lifts AMD Target to $670, Projects $50B in Server CPU Revenue by 2030
AMD•UBS lifted its AMD price target to $670 from $455, raising server CPU revenue forecasts to $16B in 2026, $23B in 2027, $29B in 2028 and $50B by 2030 while keeping a Buy rating. Shares have jumped roughly 275% to near $520, trading above fair value and raising valuation concerns.
1. UBS Raises Price Target and Rating
UBS increased AMD’s price target to $670 from $455 while reaffirming a Buy rating, citing stronger server CPU demand.
2. Stock Surge and Valuation Concerns
AMD shares have climbed around 275% over the past year to near $520, trading above estimated fair value and triggering valuation scrutiny.
3. Elevated Server CPU Revenue Outlook
UBS raised AMD server CPU revenue projections to $16B in 2026, $23B in 2027, $29B in 2028 and $50B by 2030, based on an unchanged 35x multiple.
4. Institutional Buying Signals
Chaikin Money Flow for AMD stands at +0.169, indicating accumulation and suggesting large investors favor AMD over other chipmakers.
