Deutsche Bank Holds AMD (NASDAQ:AMD) Target at $250 Ahead of Q1

AI Summary

On April 29, Deutsche Bank reaffirmed its Hold rating on Advanced Micro Devices, Inc. (AMD) with a price target of $250. The firm anticipates that AMD's EPYC server CPU segment will grow 10% quarter-over-quarter for the first two quarters of fiscal 2026. Additionally, Deutsche Bank forecasts revenues for AMD’s Instinct GPU segment at approximately $2.6 billion per quarter, with potential growth of 30% in Q3 and 75% in Q4, reaching total revenues of $15 billion for the year. The report indicates a projected gross margin above 55% in the first three quarters, dropping to 54.5% in Q4 due to mix-driven factors.