AMD (AMD) Could Compound EPS at 65% Through 2030, Piper Says
Advanced Micro Devices, Inc. (NASDAQ: AMD) is poised for substantial earnings per share (EPS) growth, according to Piper Sandler analyst David O Connor. In a September 9 report, Connor initiated coverage on AMD with an Overweight rating and a $600 price target. Connor projects FY26-30 revenue to expand at a 50% compound annual growth rate (CAGR), with EPS compounding at an even more impressive 65%.
The driving force behind this forecast lies in the rise of Agentic AI, which is expected to fuel demand for server CPUs. AMD's Venice portfolio, featuring high-frequency and general-purpose processors, is well-positioned to capitalize on this trend.
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