TD Cowen raises AMD price target to $115 after strong Q1 performance, maintains Buy rating

From Yahoo Finance: 2025-05-17 04:06:00

Advanced Micro Devices Inc. (NASDAQ:AMD) reported Q1 2025 revenue of $7.4 billion, a 36% increase year-over-year. Gross profit was $3.73 billion, up 46%, with net income soaring by 476% to $709 million. The Data Center segment revenue was $3.7 billion, up 57%, driven by AMD EPYC CPUs and AMD Instinct GPUs. Client and Gaming segment revenue reached $2.9 billion, up 28%.

Following strong Q1 results, TD Cowen raised AMD’s price target to $115 and maintained a Buy rating. Analyst Joshua Buchalter noted sustainable PC and server CPU market share gains. Challenges in the Data Center GPU segment were acknowledged, with expectations for improved performance in the second half of 2025 with the MI355 GPU. An AI event on June 12, 2025, will provide insight into AMD’s future plans.

AMD’s stock performance shows promise, but other AI stocks may offer higher returns with limited downside risk. Consider exploring options beyond AMD for potential investments.



Read more at Yahoo Finance: TD Cowen Raises AMD Price Target to $115, Maintains Buy Rating Amid Strong Performance