Wells Fargo AMD

Wells Fargo Reiterates Overweight on AMD, $140 Price Target

Analyst: Aaron Rakers 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$140
Outcome
Reached
on June 25, 2025
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What the analyst said

Wells Fargo analyst Aaron Rakers reiterated an Overweight rating and $140 price target on AMD (NASDAQ: AMD)

“Following NVDA’s 8-K announcement last night (see our previous note), AMD has filed an 8-K this morning announcing that it too expects new US Gov’t license controls on GPU sales into China to impact the company’s MI308X (China-specific SKU).

Initial Thoughts AMD notes that while it expects to apply for licenses, there are no assurances that licenses will be granted.

Therefore, the company is announcing that it expects to take up to an ~$800 million inventory, purchase commitment, and related reserve charge (presumably in 2Q25).

We would not expect to speak with AMD management, given the current quiet period ahead of upcoming (5/6) 1Q25 earnings release.”

Disclaimer
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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AMD trades at $496. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $140 target is 79% below the median, the lowest on the Street.

Since the note AMD has moved +421% (from $95.29). The 12-month window closed on April 16, 2026.

Track record

This call✓ Target reached on June 25, 2025, 2 months after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#22 of 26 firms); on AMD, 5 of 5. Accuracy ranking →

Wells Fargo on AMD

Wells Fargo price targets on AMD

8 calls from February 5, 2025 to June 30, 2026. The target went from $140 to $615 (+339%). The rating stayed Buy.

Wells Fargo targetAMD share price
  1. June 30, 2026Target raised from $505 (+22%)Buy$615
  2. May 6, 2026Target raised from $345 (+46%)Buy$505
  3. November 12, 2025Target raised from $300 (+15%)Buy$345
  4. October 30, 2025Target raised from $275 (+9%)Buy$300
  5. October 7, 2025Target raised from $120 (+129%)Buy$275
  6. May 20, 2025Target cut from $140 (−14%)Buy$120
  7. April 16, 2025 This noteKept the $140 targetBuy$140
  8. February 5, 2025Earliest call shownBuy$140
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Other analysts on AMD

JP MorganHold Raised price target +5%, kept rating Nov 4 $575from $550 Piper SandlerBuy Raised price target +8%, kept rating Nov 4 $650from $600 UBSBuy Cut price target −4%, kept rating Nov 4 $700from $730 Melius ResearchBuy Raised price target +8%, kept rating Nov 4 $650from $600 SusquehannaBuy Kept rating and price target Nov 4 $650maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.