With a 5-year EPS growth forecasted at 62.88%, Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the 12 Best Cybersecurity Stocks to Buy and Hold for the Long Term.
On June 30, Wells Fargo raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $505 while maintaining an Overweight rating on the shares
The firm increased its estimates based on continued strength in demand for AMD’s EPYC server CPUs and improving pricing expectations, while also maintaining data center GPU revenue forecasts above the broader market consensus. Wells Fargo now projects earnings per share of $13.40 for 2027 and $18.75 for 2028, reflecting growing confidence in the company’s long-term earnings trajectory. On June 24, UBS raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $670 from $455 and reiterated a Buy rating on the shares.
The firm stated that its outlook for AMD has become increasingly positive as standalone CPU racks continue to gain market adoption, supported by the company’s advantages in core density, multithreading performance, and the mature x86 software ecosystem. UBS believes these strengths position AMD to benefit from traditional enterprise workloads that are increasingly being integrated into emerging agentic AI applications. Founded in 1969 and headquartered in Santa Clara, California, Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and manufactures high-performance computer processors, graphics chips, and AI accelerators.