CLSA Raises AMD Price Target to $710
CLSA analyst Bhavtosh Vajpayee raised the price target on AMD (NASDAQ: AMD) to $710 (from $575) while maintaining an Outperform rating.
“AMD will likely sell more MI-455 GPUs, at a higher price, than we had earlier estimated. Combining lower gross margin dilution with opex control, we lift FY27-28CL EPS by 25-29%.
The company’s 3-5 year non-GAAP EPS target of US$20 is likely in 2027 itself (CLSA: US$20.25).
Our numbers are ~30% above consensus for 2027, which we see as a year of reckoning for AMD’s GPU ambitions. Encouraging GPU specs boost the balance of outcomes in AMD’s favour.
We rate the stock O-PF with an upgraded TP of US$710, based on 35x CY27 (unchanged) non-GAAP PE.”
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.
