Analysts at UBS are upping their price forecasts for AMD stock, which is up 9% in the past week ahead of its quarterly earnings report. Ahead of AMD’s Q3 results, a top UBS analyst reiterated a Buy rating on the chipmaker’s stock, raising their forecast. UBS’ Timothy Arcuri reiterated a Buy rating with a price target of $265, expecting AMD’s Q3 top line to be driven by strength in both server and client CPU segments.
Arcuri is confident about AMD’s Q3 FY25 revenue, backed by robust server and client CPU businesses. He suggests server strength will potentially drive some upside to gross margins. The analyst went on to forecast data center GPU (graphics processing unit) revenue of about $1.7 billion. For context, the percentage of profitable recommendations made by Timothy Arcuri is 74%, and the average return per transaction is 35.30%.
Furthermore, Advanced Micro Devices (AMD) will release its Q3 2025 earnings report on Tuesday, November 4, after the market closes. Analysts are closely watching how the report will impact its stock, hoping to see a rally. AMD is up 86% this year, one of the best returns for any hardware stock on the US market. The incoming earnings report has lofty expectations from Wall Street, and can dictate AMD stock’s price path for the remainder of 2025.
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For Q4 FY25, Arcuri continues to expect revenue of about $9.3 billion (about $200 million higher than the Street’s expectation). Per BarChart, other Wall Street analysts expect AMD to report a profit of $0.97 per share on a diluted basis, up 27.6% from $0.76 per share in the year-ago quarter. “We rate AMD Buy,” analysts said in an investor’s note this week. “It serves a multi-hundred billion addressable market opportunity in PC, server, high-end gaming, deep-learning, and related markets where AMD has less than 30% value share currently.”