Advanced Micro Devices (AMD) stock rallied on Monday after the semiconductor company’s shares received new analyst coverage. Five-star Bernstein analyst Stacy Rasgon assigned a Hold rating to AMD stock and increased the firm’s price target for the shares to $140 from $95, suggesting a 12.17% downside.
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While Rasgon stuck with a Hold rating for AMD stock, he highlighted several positive catalysts for the company. Among these are the lifted ban on AI chip sales to China, better times for the PC gaming market, and conditions similar to its rivals.
In light of all this, Rasgon updated his estimates for AMD earnings. These includes Q2 adjusted EPS of 49 cents on revenue of $7.52 billion, compared to a prior estimate of 47 cents and $7.4 billion. He also updated his Q3 estimates to $1.20 per share and $8.43 billion from $1.09 per share and $8.08 billion, as well as his full-year 2025 estimate to $3.89 per share and $32 billion from $3.71 per share and $31.4 billion. AMD will next report earnings on Aug. 5, 2025.
AMD Stock Movement & More Analyst Coverage
AMD stock was up 1.43% as of Monday morning, extending a 31.83% year-to-date rally and a 0.72% increase over the past 12 months.
AMD stock also received additional analyst coverage today. Five-star Citi analyst Christopher Danely reiterated a Hold rating and raised his price target for the shares to $165 from $145.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus for AMD is Moderate Buy, based on 25 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $145.90, representing a potential 8.33% downside for the shares.
