Aletheia Capital Raises AMD Price Target to $500
Aletheia Capital analyst Stefan Chang raised the price target on AMD (NASDAQ: AMD) to $500.00 while maintaining a Buy rating.
“AMD shares have doubled since our March 29 report highlighting CPU momentum for agentic AI.
Beyond raising the long-term CPU CAGR (which we still view as conservative), CEO Lisa Su confirmed secured supply for 2027E.
This allows us to remove our previous supply-constraint-led “haircut.” Consequently, AMD could reach $90-100bn revenue in 2027E, effectively pulling forward our prior 2028E forecast.
We raise our SOTP-based target price to $500 and maintain a BUY rating.
Key risks include execution, infrastructure completion, demand sustainability, and potential warrant dilution from OpenAI and Meta.”
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