Advanced Micro Devices (AMD) stock received bullish analyst coverage on Monday, pushing the semiconductor company’s shares higher. Five-star Cantor Fitzgerald analyst C J Muse reiterated a Buy rating for AMD and a $500 price target, suggesting a possible 7.81% upside for the shares.
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Muse’s price target for AMD is very middle-of-the-road, compared to the Street-high of $625 and Street-low of $250. However, his price target does remain above the average analyst price target of $442.94, putting him on the more bullish end of the spectrum of AMD stock coverage.
Investors will note that Muse’s confidence in AMD stock is largely due to the AI boom, which has increased demand for computer components. AMD perfectly fits into this market, as the company sells CPUs and GPUs that power AI data centers. The company is also developing an all-in-one rack solution for data centers called Helios, which is set to be released in the second half of 2026. The company also has new AI-focused CPUs and GPUs in development.
AMD Stock Movement Today
AMD stock was up 2.34% on Monday, building on a 117.52% rally year-to-date. The stock has also gained 321% over the past 12 months.
With today’s news came decent trading of AMD stock, as some 27 million shares changed hands, compared to a three-month average daily trading volume of about 32.47 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 27 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $442.94, representing a potential 4.44% downside for the shares.
