Quick Read
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AMD’s Data Center revenue surged 107%, anchored by a 6GW OpenAI GPU deal, driving the stock up 113% year to date.
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FY27 EPS estimates jumped from $13 to $15 in 90 days with 33 upward revisions, signaling analyst price target hikes ahead.
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Hitting $700 by 2027 requires clean Helios execution and FY27 EPS near $20, a target Lisa Su already flagged as achievable.
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AMD (NASDAQ:AMD) has done something almost no one on Wall Street expected two years ago. It has turned into a credible second source for the AI compute buildout, with Data Center revenue up 107% year-over-year and a 6GW GPU deal with OpenAI on the books.
Shares are already up 113.42% year to date. So the question I keep getting is simple. Can this run keep going, and specifically, can AMD hit $700 in 2027?
Why AMD Shares Have Stalled Since August
Here is the read. AMD is down 4.96% over the past week and 5.69% over the past month, even after a blowout Q2. Some of that is profit taking after a 181.58% one-year gain. Some of it is valuation anxiety. And some of it is the Gaming segment, which declined 31% year over year to $779 million and continues to weigh on the story.
With a beta of 2.489, this stock moves violently in both directions. Add in export controls on AI accelerators, memory supply constraints, and tariff risk, and it is not surprising that shares needed to digest after doubling. The thesis remains intact; the market simply wants proof.
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Wall Street Sees 34% Upside. Our Model Sees More
The Street is unusually aligned here. Five strong buys, 36 buys, 10 holds, zero sells, and an average target of $613.84. That is 80% bullish coverage. Our own model lands at a base case of $622.36, an optimistic case of $645.23, and a bear case of $475.94, with high confidence.
I think the consensus is still slightly behind the earnings curve. The FY27 EPS estimate has climbed from $12.959 ninety days ago to $15.450 today, with 33 upward revisions in the last 30 days and only two down. That is the kind of revision pattern that precedes target hikes, not target cuts.
