Advanced Micro Devices (AMD) is set to report its Q3 2025 earnings on Tuesday, November 4. Wall Street expects AMD to report earnings of $1.17 per share for Q3, up 27% from the year-ago quarter. Ahead of the results, Top Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating on the stock and kept a $250 price target, implying a 9% upside from current levels.
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Cassidy said he expects AMD to post a “modest beat-and-raise quarter,” helped by stronger demand for PC and server chips and ongoing market-share gains in both areas. It is worth noting that Cassidy ranks 74 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 63%, with an average return per rating of 25.6% over a one-year timeframe.
Upbeat Outlook for Instinct GPUs and AI Offerings
Cassidy noted that investor attention is likely to shift toward AMD’s upcoming updates on its Instinct GPUs, ROCm software stack, and the new Helios rack-scale platform. He expects management to sound upbeat on these AI-driven products, which play a growing role in the company’s data-center strategy.
AMD stock fell 3.28% on Wednesday but remains up more than 90% year-to-date and 50% over the past 12 months. Cassidy believes continued progress in AI and server chips, supported by confident management remarks during Q3 call, could drive the stock further higher.
He said further details on AMD’s product plans will likely come during the company’s Analyst Day on November 11, 2025, in New York City. Cassidy views the event as a potential near-term catalyst for the stock.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 29 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $249.92, representing a potential 8.6% upside for the shares.
