Advanced Micro Devices (AMD) stock has surged 18.9% over the past week, 90.2% in the last month, and an eye‑catching 319.9% over the past year. Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and an average 12‑month price target of $436.90 versus a last close of $421.39.
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Stacy Rasgon of Bernstein upgraded AMD to Buy with a $525 target, citing a “very good” Q1 that beat expectations on both revenue and earnings. He points to powerful growth in Datacenter, Client and Gaming, and believes AMD is increasingly well‑positioned to ride the agentic AI boom in both CPUs and GPUs.
Vivek Arya of BofA reiterated his Buy rating and lifted his price objective to $450, calling AMD a top compute pick in AI. He argues AMD holds only about 6% of the 2026 AI market but could move into double‑digit share by 2030, supported by a broad AI chip portfolio, strong execution, and relatively low investor ownership.
Jay Goldberg at Seaport Research Partners also upgraded AMD to Buy with a $430 target after a strong quarter and upbeat guidance. He highlights surging CPU demand today and a more attractive GPU outlook next year, helped by better‑than‑expected chip supply allocation from manufacturing partner TSMC.
Christopher Rolland of Susquehanna reiterated his Positive (Buy) stance and raised his target from $375 to $450, underscoring AMD’s upgraded view of the server CPU market to more than $120 billion by 2030. He expects data center GPU revenue to climb sharply, driven by new MI350 and MI450 products and deepening AI partnerships, while noting some 2H gaming and PC headwinds.
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