Veteran Bank Revamps AMD Stock Price Target for 2027
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Veteran Bank Revamps AMD Stock Price Target for 2027 Nauman Khan Tue, June 30, 2026 at 3:42 PM EDT 1 min read AMD WFC This article first appeared on GuruFocus . Advanced Micro Devices ( NASDAQ:AMD ) received a higher price target from Wells Fargo after the firm raised its long-term forecasts for the company's server processor business, citing continued demand for data center chips. Wells Fargo increased its price target on Advanced Micro Devices ( NASDAQ:AMD ) to $615 from $505 while maintaining its Overweight rating. The brokerage raised its server CPU revenue estimates to $16 billion for 2026, $20.5 billion for 2027 and $25 billion for 2028, while leaving its data center GPU forecasts unchanged. The firm also lifted its earnings per share estimates to $7.15 for 2026, $13.40 for 2027 and $18.75 for 2028. Warning! GuruFocus has detected 9 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator. The brokerage said its valuation is based on a 33-times multiple of projected 2028 earnings. AMD recently began ramping production of its 2-nanometer EPYC Venice server processors, with broader volume expected during the second half of 2026. The company also increased its estimate for the server CPU addressable market to $120 billion by 2030. Separately, AMD recently acquired AI memory optimization company MEXT and invested in cloud startup TensorWave, expanding its presence in artificial intelligence infrastructure.
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