Advanced Micro Devices (AMD) stock was up on Monday after it received updated coverage from a top analyst. Five-star Piper Sandler analyst Harsh Kumar reiterated a Buy rating and a $190 price target for AMD stock, suggesting an 18.5% upside for the semiconductor company’s shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The reaffirmed bullish rating and price target for AMD stock came alongside praise from the Piper Sandler analyst. Kumar noted that the company has performed well recently and appears to be on track to continue that through 2025 and into 2026. The analyst noted that the server, client, and GPU businesses are all likely to be strong contributors to the company’s earnings.
Kumar also put a spotlight on AMD’s embedded business, which he believes is another potential positive for the company’s outlook. All of this resulted in today’s bullish rating and the analyst’s belief that there are “fundamental tailwinds set to come on in the coming quarters.”
AMD Stock Movement Today
AMD stock was up 1.22% on Monday, extending a 32.88% year-to-date rally. The company’s shares have also climbed 4.27% over the past 12 months. Traders will note that AMD is among the companies that have greatly benefited from the artificial intelligence (AI) boom, which increased demand for its products.
The positive coverage from Kumar reignited optimism in AMD stock after recent negative coverage. That included a downgrade from Erste Group analyst Hans Engel last week and another downgrade from Seaport Global analyst Jay Goldberg earlier this month.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 23 Buy and 12 Hold ratings over the past three months. With that comes an average AMD stock price target of $188.07, representing a potential 17.13% upside for the shares.
