Advanced Micro Devices (AMD) stock attracted renewed analyst attention after the chipmaker delivered strong Q1 earnings results, sending shares up 6% in after-hours trading as investors reacted positively to accelerating AI-driven growth across its data center business.
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Analysts Remained Largely Bullish on AMD Stock
Following the earnings report, Wall Street sentiment remained broadly constructive, with most analysts continuing to maintain Buy ratings while adjusting price targets to reflect AMD’s strengthening AI positioning.
Goldman Sachs analyst James Schneider raised his price target to $450 from $240 while maintaining a Buy rating, implying an 8.34% upside from current levels. Schneider’s updated outlook reflects improving confidence in AMD’s long-term opportunity across AI infrastructure and data center markets.
Additional analyst coverage of AMD stock included:
- DBS analyst Amanda Tan reiterated a Buy rating with a $500 price target, representing a 20.38% upside.
- Raymond James analyst Simon Leopold maintained a Buy rating while lifting his price target to $455 from $365, implying a 9.55% upside.
- Robert W. Baird analyst Tristan Gerra kept a Buy rating and boosted his price target to $625 from $300, suggesting a 50.48% upside.
What About the Best Analyst Covering AMD Stock?
Among the top-rated analysts covering Advanced Micro Devices, Rosenblatt Securities analyst Kevin Cassidy stands out as the most accurate and profitable expert following the stock.
Over the past three months, Cassidy has delivered an 80% success rate with an average return of 31.79% per rating. His longer-term track record is even stronger, with a 93% success rate and a 103.06% average return over one year, while his two-year performance shows a perfect 100% success rate and an average return of 191.49%.
How Did AMD Stock React to Today’s Analyst Updates?
AMD stock was up 17.23% on Wednesday, extending a 94.47% year-to-date rally. The stock has also gained 253.99% over the past 12 months.
Today’s news triggered heavy trading of AMD stock, as more than 54 million shares changed hands, compared to a three-month average daily trading volume of about 32.47 million shares.
