TD Cowen Reiterates Buy on AMD, $675 PT

TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $675 price target on AMD (AMD) on August 5, 2026.

“Very Strong Outlook Against A Very High Bar; An objectively good print/guide as the datacenter (DC) GPU inflection is on track and DC CPU numbers were raised materially for 2027—just a high bar given the stock’s +130% YTD move and the AI Day announcements.

With fundamentals accelerating, on reasonable assumptions we see AMD reaching its >$20 target EPS in 2028, well ahead of its 2030 projections from just November. Buy, Top Pick, PT $675.”

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