UBS Raises AMD Target to $700, Sees Further Growth
2026-07-15 12:24:47
UBS raised its price target for AMD to $700 from $670, implying a 28% upside from Tuesday's close. According to Jin10, UBS analyst Timothy Arcuri wrote in a report on Wednesday that AMD is well-positioned to attract more customers and expand its semiconductor chip business, driving further share gains. Arcuri noted that Amazon is expected to be an important customer for the MI450x, and Anthropic may also appear on the client list. Additionally, AMD may partner with Cerebras Systems to develop fast inference solutions and could announce further expansion in its data center custom application-specific integrated circuit (ASIC) footprint. UBS maintained a "buy" rating on AMD. Over the past three months, AMD's stock price has more than doubled, rising 112% as of Tuesday's close.
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