UBS Raises AMD Stock Target to $670, Sets Bear Case at $400 on MI400 Ramp Uncertainty

According to UBS analyst Timothy Arcuri, AMD's 12-month price target reaches $670 in a bull case, with a credible bear case around $400, as of late June 2026. AMD traded near $532, with the $270 spread reflecting investor disagreement on the company's MI400 data-center accelerator ramp. The stock is now priced as a leveraged bet on a single product line, not a diversified chipmaker. AMD's data-center segment grew 57 percent year over year to $5.8 billion in Q1 2026, representing the company's primary revenue driver. Arcuri raised his AMD target from $455 and boosted his server-CPU revenue forecasts for 2027 and 2028 to $23 billion and $29 billion. The bear case assumes a slipped MI400 ramp, Nvidia price competition, or AI capital-expenditure slowdown that would compress the stock's 80x trailing price-to-earnings multiple toward the roughly 23x sector average.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments