Rosenblatt Reiterates Buy on AMD, $300 Price Target

Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $300.00 price target on AMD (NASDAQ: AMD).

“AMD delivered another strong quarter driven by growing data center demand. The company continues to take market share in this lucrative market. DC demand is expected to continue well into 2026.

Management has been working with suppliers to expand available capacity.

Importantly, according to management MI 450 and Helios racks are on track to ramp production in 2H26 with multiple customers ready for deployment.

These new products are driving OpEx above what we had been modeling. This higher OpEx has us lowering our FY26E and FY27E Non-GAAP EPS slightly. We expect to remain above consensus.”

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