UBS Reiterates Buy Rating on Advanced Micro Devices, Inc. (AMD)
UBS maintains its buy rating on AMD with a $670 price target, a 30.09% upside from the current price.
Key Points
- UBS reiterated its buy rating on Advanced Micro Devices, Inc. (AMD) with a price target of $670 on June 24, 2026.
- UBS's $670 price target implies 30.09% upside from Advanced Micro Devices, Inc.'s ($AMD) current $515.04 share price.
- AMD shares traded near $518.92 on Wednesday, with a market cap of $899.5 billion and a forward P/E ratio of 42.1.
- Other analysts also maintain positive ratings, with Citigroup upgrading AMD to buy with a $575 target on June 12, 2026.
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UBS reiterated its buy rating on Advanced Micro Devices, Inc. (NasdaqGS: AMD) on June 24, 2026. Analyst Timothy Arcuri set a price target of $670, indicating confidence in the company's future performance.
UBS vs. the S&P 500
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Analysts Set New Price Targets
On June 24, 2026, UBS maintained its buy rating on AMD with a $670 price target. Citigroup upgraded AMD to a buy rating with a $575 target on June 12, 2026. B of A Securities kept its buy rating with a $560 target on June 11, 2026. Barclays, TD Cowen, and Mizuho all maintained buy ratings with targets of $665, $600, and $615, respectively, earlier in June.
Advanced Micro Devices, Inc. Stock Up 10.6%
Shares of AMD traded near $518.92 on Wednesday. The company has a market cap of approximately $899.5 billion and a forward P/E ratio of 42.1. AMD's beta is 2.492, indicating a higher volatility compared to the market. The stock's 52-week range is between $126.82 and $562.99, with a 50-day moving average of $411.05 and a 200-day moving average of $261.15. AMD has a current ratio of 2.725 and a quick ratio of 1.75, reflecting strong liquidity.
$AMD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
AMD reported revenue of about $37.45 billion, showing a growth of 37.8%. The company's net margin stands at 13.4%, with a return on equity of 8.1%. Earnings per share (EPS) is $3.01. The next earnings report is scheduled for August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
21 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 4.8%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 4 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 upgrades, 2 downgrades, 21 target raises.
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Earnings quality
Gross margin up 2.6 points. Operating margin up 3.6 points. Positive free cash flow.
Earnings Call Summary
AMD reported outstanding first quarter results with $10.3 billion in revenue, up 38 percent year over year. Data center revenue surged 57 percent driven by strong demand for EPYC server CPUs and Instinct GPUs. Management emphasized that Agentic AI and inference workloads are driving substantially higher CPU demand than expected, requiring more compute than prior models. Free cash flow nearly tripled to $2.6 billion, and operating margin expanded to 25 percent, showing strong operational leverage as the business scales into AI infrastructure.
Guidance AMD guided next quarter revenue to about $11.2 billion, up 46 percent year over year. Management raised full year data center CPU growth forecast to over 70 percent, driven by strong Agentic AI demand. They also raised the long-term server CPU market size forecast to over $120 billion by 2030, from $60 billion announced in November.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Advanced Micro Devices, Inc.
On June 15, 2026, Mark Papermaster, Chief Technology Officer & EVP, sold 6,000 shares at an average price of $536.33 under a Rule 10b5-1 plan. Philip Guido, EVP & Chief Commercial Officer, sold 7,495 shares and also bought 7,495 shares on the same day.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc., headquartered in Santa Clara, California, is a global semiconductor company. It operates across three main segments: Data Center, Client and Gaming, and Embedded. AMD designs microprocessors, graphics processors, and AI accelerators. Under the leadership of CEO Dr. Lisa T. Su, the company employs around 31,000 people worldwide.
Bottom Line
UBS's reiteration of its buy rating and $670 price target on AMD reflects a positive outlook on the company's potential. Investors often track such analyst updates for insights into stock trajectories, although it's important to remember that these ratings are based on past data and projections.
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