Advanced Micro Devices, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Joshua Buchalter from TD Cowen maintained a Buy rating on the stock and has a $290.00 price target.
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Joshua Buchalter’s rating is based on the observation that AMD’s latest quarter, while noisy, still delivered revenue and guidance ahead of consensus even after adjusting for the MI308 China benefit, reinforcing confidence that the company is navigating volatile datacenter and PC demand better than peers. AMD’s datacenter GPU and server CPU businesses are projected to grow sequentially in the March quarter despite typical seasonal declines, signaling that secular AI demand and the MI450 product cycle remain firmly on schedule.
He underscores that the core investment narrative hinges on the MI450/Helios ramp starting in 3Q26 and accelerating in 4Q26 through 2027, with management reiterating both those timelines and the follow-on MI500 launch in 2027. Coupled with reiterated long-term targets for 60%+ annual datacenter revenue growth and potential earnings power surpassing $20 in the medium term, Buchalter views the stock’s upside as compelling relative to the recent pullback in expectations, justifying his Buy rating and $290 price target.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $300.00 price target.