AMD Stock Slips on Analyst Updates

Advanced Micro Devices (AMD) stock was down on Thursday after a few analysts updated their coverage of the semiconductor company’s shares. This followed the announcement of a $6 billion share buyback plan. Added to its current buyback, AMD can now repurchase up to $10 billion worth of its stock.

While the initial response to this share buyback was positive, with some analysts offering bullish stances and price target increases, now it’s time for the bears to weigh in on AMD stock.

• DBS analyst Amanda Tan reiterated a Hold rating for AMD shares.
• Four-star Citi analyst Christopher Danely maintained a Hold rating and $110 price target, implying a possible 13.77% downside for AMD stock.
• Five-star Bernstein analyst Stacy Rasgon reiterated a Hold rating and $95 price target, suggesting a potential 18.08% downside for the shares.

Analyst Comments on AMD Stock

Tan argues that AMD’s artificial intelligence (AI) server business has performed well and will likely continue to do so. However, she believes this is already priced into the stock’s current value. The analyst also noted that AMD’s large exposure to PC gaming presents risks due to macroeconomic factors and that it has strong competition in the space from Intel (INTC) and Nvidia (NVDA).

AMD stock slipped 1.28% on Thursday alongside the analyst updates. The stock is also down 3.79% year-to-date. While the shares suffered a blow in early April from President Donald Trump’s tariff plans, they have since recovered and are close to erasing 2025 losses.

Is AMD Stock a Buy, Hold, or Sell?

Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 22 Buy and nine Hold ratings over the last three months. With that comes an average AMD stock price target of $126.14, representing a potential 8.66% upside for the shares.

See more AMD stock analyst ratings