-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target price to $400 from $300, on a P/E of 27.6x and shifting to our 2028 EPS, which we start at $14.50, reflecting upside to EPS estimates. We boost our 2026 EPS to $6.71 from $6.55 and 2027 to $11.09 from $10.18. We are growing more optimistic about opportunities tied to CPU server demand, fueled by AMD's EPYC processors and growing content share as CPU-to-GPU ratios shift from 1:8 in training workloads to 1:1 or better in agentic AI deployments. Extending lead times and emerging industry-wide CPU shortage should support higher prices, and we see potential for 50%+ server CPU market share over time (from ~40% in late 2025). AMD's shift to large-scale rack-scale systems remains its biggest opportunity in the coming years. We are also encouraged by recent customer orders from Meta and Oracle, as we see a long tail opportunity over the next three to five years. Higher component prices (e.g., memory) and tight capacity at Taiwan Semi will need to be closely monitored and are potential risks.