Advanced Micro Devices, Inc. (NASDAQ:AMD) is a top future stock to buy, with a revised price target of $310 from UBS and Truist. The company is expected to outperform competitors like Broadcom and Nvidia, supported by strong server strength.
Despite a $1 billion gaming business cut affecting near-term EPS, AMD shows positive CPU and GPU fundamentals. UBS sees potential for over $11 EPS in 2027 and over $15 in 2028, with significant operating and EPS leverage expected in the future.
Truist raised AMD’s price target to $283 from $277, maintaining a Buy rating and advising investors to buy on weakness due to the company’s long-term growth prospects. AMD is a global semiconductor company specializing in high-performance computing and visualization technologies.
While AMD offers investment potential, other AI stocks may have greater upside and less downside risk. Investors seeking an undervalued AI stock can explore opportunities that benefit from Trump-era tariffs and onshoring trends.
Read more at Yahoo Finance: Here’s What UBS and Truist Are Saying About Advanced Micro Devices (AMD)
