To say that Advanced Micro Devices (AMD) stock performed well in 2025 would be an understatement. The shares went on an absolutely wild run last year thanks to the artificial intelligence (AI) boom, which boosted AMD stock by roughly 70%. Now investors wonder if the company’s shares can continue to rally in 2026 after they saw such major gains last year.
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Starting with the bullish case, five-star Raymond James analyst Simon Leopold has a Buy rating and a Street-high $377 price target for AMD stock, suggesting a possible 71.46% upside for the shares. Like many other top Wall Street analysts, Leopold strongly believes that AMD is well-positioned to compete with rival Nvidia (NVDA) in the merchant graphics processing unit market.
The most bearish case for AMD stock comes from five-star Bernstein analyst Stacy Rasgon. He assigned a Hold rating to AMD with a $200 price target, implying a possible 9.04% downside for the shares. Interestingly, Rasgon’s bearish coverage of AMD is still a positive for the company. When the most timid analyst coverage is still only a Hold instead of a Sell, that’s a win for AMD.
AMD Stock Movement Today
AMD stock was up 3.52% on Friday, extending a 70.82% rally over the past 12 months. The company’s strong performance in 2025 will likely be followed by additional gains in 2026, so long as the AI sector can avoid the pop of a potential bubble.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 29 Buy and nine Hold ratings over the past three months. With that comes an average AMD stock price target of $282.33, representing a potential 27.41% upside for the shares.
