What the analyst said
Stifel analyst Ruben Roy reiterated a Buy rating and $162 price target on AMD (NASDAQ: AMD).
“On Monday (3/31), AMD announced the finalization of its pending $4.9bn acquisition of ZT Systems, a leading provider of AI infrastructure systems to large hyperscalers globally.
AMD intends to divest ZT’s manufacturing assets after finding a strategic buyer, in essence keeping the approximately 1,000 hard-to-hire engineers with key rack-scale expertise (likely useful in areas such as customer validation and testing requirements, essential to implementation of systems growing in size, power and GPU capacity).
Overall, we view the deal as favorable for the execution of AMD’s roadmap at speed to compete with industry peers.
The deal likely does not hit 1Q25 results, given the announcement’s timing, and we suspect that 2Q25 guidance and longer-term forward commentary will drive earnings estimate changes (likely immediately dilutive, but accretive in FY26) during the next earnings call.”
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Where the price stands
AMD trades at $562. The 26 analysts who set a target in the last 3 months range from $465 to $1,250, with a median of $680. This $162 target is 76% below the median, the lowest on the Street.
Since the note AMD has moved +447% (from $103). The 12-month window closed on April 1, 2026.
Track record
Firm track recordStifel: 96% of its 24 targets at least a year old were reached within 12 months (#3 of 21 firms). Accuracy ranking →
Stifel on AMD
Stifel price targets on AMD
8 calls from February 5, 2025 to April 20, 2026. The target went from $162 to $320 (+98%). The rating stayed Buy.
- April 20, 2026Target raised from $280 (+14%)Buy$320
- February 4, 2026Kept the $280 targetBuy$280
- February 4, 2026Target raised from $132 (+112%)Buy$280
- June 13, 2025Kept the $132 targetBuy$132
- May 19, 2025Kept the $132 targetBuy$132
- May 7, 2025Target cut from $162 (−19%)Buy$132
- April 1, 2025 This noteKept the $162 targetBuy$162
- February 5, 2025Earliest call shownBuy$162
Other analysts on AMD
MizuhoBuy
Raised price target +22%, kept rating · Oct 6
$705from $580
CitiBuy
Raised price target +39%, kept rating · Oct 6
$800from $575
CantorBuy
Kept rating and price target · Oct 5
$700maintained
RosenblattBuy
Kept rating and price target · Sep 29
$700maintained
Bank of AmericaBuy
Raised price target +16%, kept rating · Sep 25
$720from $620