Robert W. Baird analyst Tristan Gerra maintained a Buy rating on Advanced Micro Devices today and set a price target of $300.00.
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Tristan Gerra has given his Buy rating due to a combination of factors that highlight AMD’s strong growth potential and strategic positioning in the market. AMD’s projections for the data center silicon market are particularly promising, with expectations of reaching over $1 trillion by 2030, driven by a compound annual growth rate (CAGR) exceeding 40% from 2025. The company’s focus on AI is also a significant driver, with anticipated additional demand for server CPUs and a clear path to capturing over half of the server CPU market.
Furthermore, AMD’s AI data center revenue is expected to grow at an impressive CAGR of over 80% in the coming years, with overall data center revenue projected to increase by more than 60% annually. The company’s plans to achieve over $100 billion in annual data center revenue and expand its market share in the client and embedded sectors underscore its robust growth strategy. With a comprehensive financial model aiming for substantial revenue and margin growth, AMD is well-positioned to capitalize on emerging opportunities, justifying the Buy rating.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $345.00 price target.