Joshua Buchalter, an analyst from TD Cowen, maintained the Buy rating on Advanced Micro Devices (AMD – Research Report). The associated price target was raised to $115.00.
Joshua Buchalter has given his Buy rating due to a combination of factors that highlight AMD’s strengths and potential for growth. The company’s performance in the PC and server CPU markets has been robust, with AMD continuing to gain market share and demonstrate resilience against competitors like Intel. This momentum is driven by the adoption of high-end processors, which has led to significant growth in average selling prices and is expected to persist into the second quarter.
Despite some challenges in the data center GPU segment, including recent write-downs, there is optimism about future prospects. The anticipated sales increase from the MI355 in the second half of 2025 is seen as a critical factor for AMD’s stock performance. Additionally, the upcoming AI event in June is expected to provide further insights into AMD’s advancements and competitiveness in AI computing, which could bolster investor confidence. Overall, while there are areas of concern, the positive trends in key segments support the Buy rating.
In another report released on May 3, Cantor Fitzgerald also maintained a Buy rating on the stock with a $120.00 price target.