Wall Street Analysts Raise AMD's Stock Price Targets Ahead of Earnings Report

Wall Street Analysts Raise AMD's Stock Price Targets Ahead of Earnings Report

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by Luis Flores

3 months ago

Made with AI

Wall Street analysts are showing increased optimism for Advanced Micro Devices, Inc. (AMD) as the company approaches its earnings report scheduled for August 2026. Several major financial institutions have raised their stock price targets, signaling confidence in AMD's future performance, particularly in light of the booming artificial intelligence sector, as enthusiastically stated in the publication.

Goldman Sachs Increases Price Target for AMD

Goldman Sachs has notably increased its price target for AMD from $450 to $640, reflecting a strong belief in the company's growth trajectory. Similarly, Bernstein has raised its target to $600, while Wells Fargo adjusted its estimate from $505 to $615. Among these, Cantor Fitzgerald stands out as the most bullish, projecting a target of $700 for AMD's stock.

Market Confidence in AMD's Growth

This collective upward revision underscores the market's growing confidence in AMD's ability to capitalize on the expanding opportunities within the AI landscape.

Citi analysts recently raised their price target for Broadcom's stock, reflecting a positive outlook driven by AI demand, contrasting with the optimism surrounding AMD's upcoming earnings report. For more details, see Broadcom forecast.

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