Atif Malik, an analyst from Citi, maintained the Hold rating on Advanced Micro Devices. The associated price target remains the same with $248.00.
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Atif Malik has given his Hold rating due to a combination of factors around AMD’s recent share performance and shifting risk‑reward. He notes that the stock has already rallied sharply, rising more than 58% since early April, largely in anticipation of stronger demand and better pricing for the company’s CPU products, which limits additional near‑term upside.
Given that much of the optimism on improved fundamentals now appears embedded in the current valuation, Malik no longer sees a distinct short‑term catalyst that would justify a more bullish stance. As a result, he removes AMD from Citi’s positive 30‑day catalyst watch and reiterates a neutral positioning, keeping his price target unchanged at $248, which aligns with this more balanced outlook.
In another report released today, Northland Securities also downgraded the stock to a Hold with a $260.00 price target.