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 $500.00 price target.
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Joshua Buchalter has given his Buy rating due to a combination of factors, most notably AMD’s sharply improved outlook for its data center franchise. The company has doubled its long‑term server CPU market forecast in just half a year and remains confident in gaining share, with Turin‑driven server CPU growth already running well above 50% year over year and expected to accelerate further, pushing his long‑term earnings power estimates materially higher.
He also highlights growing traction in AMD’s datacenter GPUs, where revenue is rising at a double‑digit pace and visibility is improving with key customers like Meta and OpenAI as well as a broader pipeline. With the MI450 ramp on schedule, AI‑GPU revenue forecasts for 2026 and 2027 have been raised substantially, reinforcing his view that AMD is poised to capture a meaningful portion of a rapidly expanding AI compute market, justifying a Buy rating and a higher price target.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $500.00 price target.