In a report released today, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Advanced Micro Devices, with a price target of $280.00.
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Ruben Roy has given his Buy rating due to a combination of factors that highlight AMD’s strong performance and growth potential. The company reported impressive third-quarter results, with record revenue driven by increased demand across its data center, AI, server, and PC businesses. This growth was particularly fueled by the success of its Instinct MI350 series GPUs and fifth-generation Turin CPUs, which have seen strong adoption and enterprise wins.
Looking forward, AMD’s outlook remains positive with expectations of continued revenue growth in the fourth quarter, particularly in the data center segment. The company’s strategic partnerships with entities like OpenAI and OCI provide further growth visibility in the AI infrastructure market. Additionally, AMD’s upcoming product launches, such as the MI400/450 series GPUs, are anticipated to sustain momentum into 2026, positioning the company well to capitalize on the expanding AI compute demand. These factors collectively support the Buy rating, with a target price set at $280.
Roy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Cadence Design, and Coherent Corp. According to TipRanks, Roy has an average return of 34.4% and a 71.35% success rate on recommended stocks.
In another report released today, UBS also maintained a Buy rating on the stock with a $300.00 price target.