Advanced Micro Devices (AMD) stock has risen 1.3% over the past week, 55.1% over the past month, and an eye-catching 246.3% over the past year. Wall Street’s analysts are moderately bullish, with a 12‑month average price target of $343.58 versus a last close of $341.54, implying only modest upside after the massive run.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Yet individual experts see far more room to grow, driven largely by the boom in agentic AI and data center demand. James Schneider upgraded AMD to Buy with a $450 target, calling out structural tailwinds from AI-driven server workloads and big upside in data center GPUs from 2027 onward, especially via a 6 GW deployment at Meta and stable share at Microsoft.
John Vinh reiterated his Buy rating with a Street-high $530 target, highlighting a strong earnings beat and guidance, with server CPU revenue up 50% year over year in Q1 and expected to jump 70% in Q2. Vinh notes AMD doubled its 2030 server CPU addressable market estimate to $120 billion, driven by agentic AI, and sees long-term AI revenue growing more than 80% annually as MI450 and Helios ramp with large customers like Meta.
Stacy Rasgon also upgraded AMD to Buy with a $525 target, admitting past caution but now seeing AMD’s AI story as “increasingly real,” with EPS potentially approaching $20 by 2028 if the AI boom continues. Gil Luria reiterated Buy with a $425 target, arguing AMD may be the biggest beneficiary of CPU bottlenecks as data center revenue surged 57% year over year and management now projects server CPU demand growing over 35% annually to 2030.
Top-ranked analyst C J Muse kept AMD as a Top Pick, reiterating Buy and lifting his target to $500, citing tight compute supply, aggressive ramps of MI400 and Helios, and potential earnings power above $20 by 2028. Vivek Arya, another highly rated analyst, reiterated Buy with a $450 target, pointing out AMD still has only about 6% of the AI market today, leaving ample room to gain share as the total AI market races toward $1.5 trillion by 2030. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.