Goldman Sachs cuts AMD price target to $675 while maintaining Buy rating
Goldman Sachs lowered its price target for Advanced Micro Devices to $675 from $700 and kept a Buy recommendation. The adjustment follows AMD's third‑quarter results, which showed revenue of $13.4 billion and earnings of $2.09 per share. The firm also raised its outlook for server‑CPU sales to a 100% year‑over‑year increase for calendar 2027 and expects overall revenue to grow more than 80% by that year.
Why it matters
The reduced target suggests Goldman Sachs sees the stock as overvalued at current levels, implying limited upside unless AMD meets its aggressive growth guidance. Investors will watch whether the company can achieve the projected 100% server‑CPU sales rise and >80% revenue growth by 2027.
Key facts
- 1Goldman Sachs cut its AMD price target to $675 from $700. investing.com
- 2AMD’s shares were trading at $483.90 at the time of the report. investing.com
- 3AMD reported third‑quarter revenue of $13.4 billion. investing.com
- 4AMD reported third‑quarter earnings of $2.09 per share. investing.com
- 5AMD now expects server‑CPU sales to increase 100% year‑over‑year in calendar 2027. investing.com
- 6AMD projects overall revenue to grow more than 80% by 2027. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.