Wall Street updates its price targets on $AMD following its Q3 earnings, with strong data center growth and an upbeat 2027 outlook offsetting weakness in Client:
UBS: $730 → $700 (Buy) – Strong server CPU demand and improving supply support growth above expectations.
Stifel: $700 → $725 (Buy) – Raised its price target following Q3 results.
BofA: $720 → $650 (Buy) – Raised earnings estimates for 2027-28, but lowered its target due to sector valuation compression.
Piper Sandler: $600 → $650 (Overweight) – Revenue and EPS beat expectations, led by data center strength.
Wells Fargo: $700 → $650 (Overweight) – Strong 2027 data center outlook and supply execution outweigh Client weakness.