Wedbush raised its price target on Advanced Micro Devices (AMD) to $600 from $450. The firm maintains an Outperform rating on the stock.
Analysts expect data center revenue to grow faster than previously projected through 2027. This increased confidence follows the company's recent Advancing AI event.
New deals with Microsoft and Anthropic should accelerate AI-related revenue starting in the second half of 2026. Supply chain checks indicate AMD is effectively managing constraints to meet high demand.
Wedbush increased its revenue and earnings per share (EPS) estimates for both 2026 and 2027.