Advanced Micro Devices (AMD) stock dipped on Wednesday despite updated analyst coverage. Five-star Wells Fargo analyst Aaron Rakers reiterated a Buy rating and increased the stock’s price target to $185 from $120. This suggests a possible 19.2% upside for AMD stock.
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The Wells Fargo analyst updated his price target for AMD stock ahead of the semiconductor company’s Q2 earnings report, which is set to be released after the market closes on Aug. 5, 2025. He expects the company to plot sustained datacenter movement in the second half of 2025, roadmap execution, and building its rack-scale strategy.
Rakers isn’t the only analyst who has updated their coverage of AMD stock ahead of earnings. Five-star Citi analyst Christopher Danely called the stock’s recent China AI chip rally “empty calories,” citing the ability for President Donald Trump to reinstate the processor ban at any time. On the flip side of that, five-star Bank of America Securities analyst Vivek Arya raised his price target for the shares to $175 from $130 and maintained a Buy rating as the ban was lifted.
AMD Stock Movement Today
AMD stock was down 0.51% as of Wednesday afternoon, which is likely the shares settling after yesterday’s major rally. Investors will note that the stock was up 28.16% year to date but remained down 2.4% over the past 12 months.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating 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 $135.97, representing a potential 12.15% downside for the shares. These ratings and price targets will likely change as more analysts weigh in after the AI chip ban’s lift and in the lead-up to its Q2 earnings report.
