S&P 500 falls as traders turn sour on tech
Investing.com - Evercore ISI raised its price target on AMD (NASDAQ:AMD) to $270.00 from $240.00 on Wednesday, while maintaining an Outperform rating on the semiconductor company’s shares. AMD currently trades at $250.05, just 6.4% below this new target and near its 52-week high of $267.08. InvestingPro data shows the stock appears overvalued based on its Fair Value assessment.
The price target increase follows AMD’s third-quarter 2025 results, which exceeded consensus estimates with revenue beating by 5.6% and earnings per share coming in 2% above expectations. This performance aligns with InvestingPro data showing AMD’s strong revenue growth of 27.17% over the last twelve months.
AMD’s fourth-quarter 2025 revenue guidance was 4% above consensus, though its earnings per share outlook missed by $0.01 due to higher operating expenses and an increased share count.
Evercore ISI noted that AMD has good visibility into upcoming Data Center GPU ramps while experiencing robust demand for Data Center server CPUs, driven by CPU-intensive agentic AI workloads.
The firm views AMD as a "Data Center GPU growth story with a server CPU kicker," with its 2027 outlook assuming Data Center GPU revenues will grow to $20 billion (representing a three-year compound annual growth rate of 61%) and Data Center CPU revenues will reach $13 billion (a three-year CAGR of 19%).
In other recent news, Advanced Micro Devices (AMD) has seen several analysts raise their price targets following its recent earnings and revenue announcements. Roth/MKM increased their price target to $300, citing strong third-quarter 2025 revenue growth that surpassed consensus expectations. Similarly, Loop Capital raised their target to $290, reflecting higher fiscal 2027 estimates due to significant revenue contributions from MI400 Helios wins. Piper Sandler also lifted their target to $280, highlighting AMD’s solid quarterly performance, particularly in the data center segment, which grew 22% year-over-year.
Additionally, UBS increased its price target to $300, maintaining a Buy rating ahead of AMD’s upcoming analyst day. Jefferies reiterated a Buy rating and maintained a $300 price target, emphasizing the growth in AMD’s server CPU business driven by artificial intelligence demand. These developments indicate a positive outlook from analysts, with strong performance in various business segments contributing to the optimism.
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