Truist Securities Raises AMD Price Target to $283
Truist Securities analyst William Stein raised the price target on AMD (NASDAQ: AMD) to $283.00 (from $277.00) while maintaining a Buy rating.
“We believe AMD is growing EPS at a ~45% CAGR through CY30 and trades at only ~11x CY30 EPS power, so it’s still a BUY. AMD’s Q4 results beat, & Q1 guidance was higher.
Unfortunately, for Q4, 65% of the revs and all of the EPS beat were from selling a written-down China SKU. In the Q1 outlook, a 7% OpEx overage eliminates the revs & GPM upside.
Still, AMD reiterated a 60% DC CAGR, 35% total sales CAGR, which we believe results in over $20 of EPS in 2030.
The linchpin of our thesis is strong customer engagement which continues to match feedback from our industry contacts.
CY27 EPS to $10.11 (from $9.25) and PT to $283 (from $277) based on peer-equiv 28x.
BUY.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
