Evercore ISI analyst Mark Lipacis has maintained their bullish stance on AMD stock, giving a Buy rating today.
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Mark Lipacis has given his Buy rating due to a combination of factors tied to AMD’s rapidly strengthening data‑center AI business and new large‑scale customer wins. He highlights that the newly announced 6GW accelerator agreement with Meta, together with AMD’s collaboration with OpenAI, is not fully reflected in consensus forecasts and should materially lift earnings power over the next several years.
He estimates these AI deals could add more than $2, $5 and $8 to EPS in 2027, 2028 and 2029, respectively, and argues that the associated share‑based warrant structures are modest relative to the long‑term market value AMD is targeting. Lipacis also notes that AMD is already a key CPU supplier to Meta, is well prepared from a supply‑chain standpoint for the multi‑year 6GW rollout, and remains on track to reach double‑digit AI accelerator market share, supporting a higher price target of $358 and a Buy recommendation.
According to TipRanks, Lipacis is a top 100 analyst with an average return of 30.1% and a 67.84% success rate. Lipacis covers the Technology sector, focusing on stocks such as Texas Instruments, D-Wave Quantum, and Advanced Micro Devices.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $300.00 price target.