Wall Street analysts update AMD stock price

TD Cowen analyst Joshua Buchalter has reaffirmed his bullish stance on Advanced Micro Devices (NASDAQ: AMD), reiterating a ‘Buy’ rating and maintaining a $290 price target.

The target implies a potential rally of nearly 20% from AMD’s current price of $242.

The update follows an investor call featuring AMD CFO Jean Hu and CVP of Financial Strategy & IR Matt Ramsay, during which management outlined the company’s AI roadmap, total addressable market assumptions, and long-term growth expectations.

Buchalter remains constructive on AMD’s position in the accelerating AI market, despite ongoing execution challenges.

According to the analyst, AMD is targeting more than 60% compound annual growth in its Data Center business, driven largely by AI-related demand.

The company is also projecting over 35% total revenue growth over the next three to five years, with Data Center as the primary growth engine.

Meanwhile, AMD expects more than 10% growth in its core segments, including client computing, gaming, and embedded products.

Buchalter noted that AMD’s AI total addressable market includes GPUs, CPUs, and server-side accelerators such as DPUs and NICs, underscoring the firm’s multi-layered approach to the AI computing stack.

He also pointed to AMD management’s conservative financial posture and internal flexibility as key strengths as the company navigates a rapidly evolving market.

Wall Street bullish on AMD stock price

Beyond TD Cowen, other Wall Street analysts are also bullish on AMD’s stock. Benchmark reiterated its ‘Buy’ rating with a $325 price target, citing stronger revenue growth expectations and rising data-center market share driven by AI demand.

Cantor Fitzgerald maintained an ‘Overweight’ rating and $350 target, pointing to AMD’s long-term model forecasting revenue growth above 35% annually with solid margins through the decade.

Truist Securities likewise held its ‘Buy’ rating, highlighting AMD’s potential to expand earnings at a 45% annual pace through 2030. Stifel also maintained a ‘Buy’ and $280 target, commending AMD’s strategy centered on technology leadership and software investments.

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