Advanced Micro Devices (AMD) stock was down on Monday despite a couple of new price targets from top Wall Street analysts.
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Let’s jump into the new AMD price targets below:
- Five-star UBS analyst Timothy Arcuri reiterated a Buy rating and increased his price target for AMD stock to $330 from $300, suggesting a possible 30.95% upside for the shares.
- Five-star Piper Sandler analyst Harsh Kumar maintained a Buy rating and raised his price target for AMD stock to $300 from $280, implying a possible 19.05% upside for the shares.
Kumar believes that AMD will have a strong 2026 due to increased demand for artificial intelligence (AI). He expects the company to report a revenue upside of $200 million and an earnings per share upside of 2 cents compared to Wall Street’s estimate. Kumar also has high hopes for the company going into its March quarter, though he noted that upside potential is relatively small due to seasonal aspects of client, gaming, and the enterprise EPYC CPU business.
AMD is set to report earnings after markets close on Feb. 3, which is next Tuesday. Wall Street expects adjusted EPS of $1.32 on revenue of $9.65 billion.
AMD Stock Movement Today
AMD stock was down 2.41% on Monday but was still up 18.33% year-to-date. The stock has also surged 125.79% over the past 12 months.
AMD stock experienced muted trading activity today, as some 11 million shares changed hands, compared to a three-month daily average of about 30 million units.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 26 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $285.90, representing a potential 12.72% upside for the shares.
