Advanced Micro Devices (AMD) stock is a hot topic among analysts as they prepare for the semiconductor company to release its Q1 2026 earnings report next week. In the lead-up to that report, a handful of analysts have updated their coverage of AMD, and it doesn’t look good.
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The latest coverage of AMD stock this week included an increased price target from five-star Susquehanna analyst Christopher Rolland. He boosted his AMD stock price target to $375 from $300, suggesting a possible 14.33% upside for the shares. The analyst also maintained a Buy rating for the stock.
Other AMD analyst updates this week include:
- Five-star Deutsche Bank analyst Ross Seymore‘s reiterated Hold rating and $250 price target, implying a potential 23.78% downside.
- Five-star Northland Securities analyst Gus Richard‘s downgrade of AMD stock to a Hold rating and a $260 price target, representing a possible 20.73% downside.
- Five-star Citi analyst Atif Malik‘s reiterated Hold rating and $248 price target, suggesting a potential 24.39% downside.
Analysts’ coverage of AMD ahead of earnings leans bearish, likely due to concerns about the AI sector. OpenAI revealed earlier this week that it missed internal estimates, which increased uncertainty in the AI space.
What to Expect from AMD In Q1 2026
AMD’s Q1 2026 earnings report is scheduled for after the markets close on May 5, 2026. Analysts’ estimates include adjusted earnings per share of $1.28 and revenue of $9.88 billion. AMD is likely to surpass these estimates, based on its earnings history over the prior eight months.
AMD Stock Movement Today
AMD stock was up 1.54% on Wednesday, building on a 53.25% year-to-date rally. The stock has also surged 232.01% over the past 12 months.
Today’s trading activity saw some 21.15 million shares change hands, compared to a three-month average daily trading volume of about 32.47 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 19 Buy and nine Hold ratings over the past three months. With that comes an average AMD stock price target of $296.24, representing a potential 9.76% downside for the shares.
