Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on Advanced Micro Devices (AMD – Research Report) today and set a price target of $175.00.
Tristan Gerra has given his Buy rating due to a combination of factors, notably the current stock price weakness which he sees as an attractive entry point. This perspective is supported by AMD’s progress in its AI product lineup, particularly with the upcoming ramp of the Mi350 and full rack scale solutions anticipated for the second half of 2025 and beyond. Gerra highlights that AMD’s AI segment is poised for a revenue acceleration driven by the Mi350 shipments, which are ahead of previous projections.
Additionally, AMD’s strategic engagements and market presence are showing strong momentum. The unchanged CoWoS capacity, doubling from last year, underscores AMD management’s confidence in AI demand growth. Furthermore, AMD’s EPYC market share has significantly surpassed 50% among its largest data center clients, and the company’s client segment is expected to exceed the forecasted growth in the PC market, particularly through its partnership with Dell. These elements combined create a positive outlook for AMD, justifying the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a $175.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMD in relation to earlier this year.
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