Advanced Micro Devices, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Vivek Arya from Bank of America Securities reiterated a Buy rating on the stock and has a $300.00 price target.
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Vivek Arya’s rating is based on the anticipation of significant growth for Advanced Micro Devices (AMD) in the latter half of 2026, driven by the launch of the MI400X and a contract with OpenAI. These developments are expected to more than double the company’s earnings per share by 2027. Arya highlights the potential for AMD’s data center GPU sales to increase nearly fivefold by 2027, capitalizing on the company’s expanding presence in the AI market.
Arya also emphasizes the underappreciated growth potential of AMD’s server CPU business, which is expected to see accelerated growth. Despite potential risks such as increased spending and competitive pressures, Arya remains optimistic about AMD’s long-term prospects, supported by the company’s strategic execution and customer diversification efforts. The upcoming analyst day is anticipated to provide further insights into AMD’s growth trajectory and market opportunities.
According to TipRanks, Arya is a 5-star analyst with an average return of 18.2% and a 61.24% success rate. Arya covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom.
In another report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $280.00 price target.