Analyst Colin Sebastian of Robert W. Baird maintained a Buy rating on Advanced Micro Devices, with a price target of $300.00.
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Colin Sebastian has given his Buy rating due to a combination of factors including the scale and quality of AMD’s newly expanded partnership with Meta and the resulting visibility into multi-year AI revenue. AMD’s MI450-based Instinct GPUs, paired with Venice CPUs and the Helios rack-scale platform, position the company as a credible alternative to Nvidia in large language model infrastructure, with Meta planning deployments of up to six gigawatts starting in the second half of 2026.
Sebastian also points to sharply rising CoWoS capacity, sizable expected orders from OpenAI, and the potential for each gigawatt rollout to generate many billions of dollars in sales, implying a material step-up in AMD’s data center and AI growth trajectory. The structured warrant agreement with Meta, tied to shipment milestones and ambitious share-price triggers, further underscores confidence in execution and aligns incentives, supporting his positive stance on AMD’s stock.
According to TipRanks, Sebastian is a 5-star analyst with an average return of 10.1% and a 52.12% success rate. Sebastian covers the Consumer Cyclical sector, focusing on stocks such as Amazon, eBay, and Wayfair.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $358.00 price target.