TD Cowen Reiterates Buy on AMD, $290 Price Target (Feb 4)

TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $290.00 price target on AMD (NASDAQ: AMD).

“Noisy Quarter, But On-Track for All-Important MI450 Ramp Later This Year; We were not of the view that this set of results and guidance would be overly impactful to the long-term AMD investment thesis, which remains all about MI450/Helios.

That view hasn’t changed.

There were puts/takes given a volatile datacenter and PC backdrop, but directionally everything appears on track: momentum in DC GPU, server CPU, and reiterated confidence in MI450 for 2H26.

Buy, $290 PT.”

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