What the analyst said
Jefferies analyst Blayne Curtis lowered the price target on AMD (NASDAQ: AMD) to $100 (from $120) while maintaining a Hold rating.
“Overall estimates move higher and that is likely viewed as a temporary positive vs low expectations, but AI growth is the primary metric for the stock and on that front estimates move lower.
Additionally, this might not be the last cut as the growth outlook for the year for AI requires a significant 2H25 ramp tied to launch of MI350 and we still don’t hear of any real traction.
Server revenue was solid despite some potential share loss to INTC and the Client segment was also strong driven by record ASPs but share declines there as well.
As we look to the 2H, the PC market is expected to be “sub-seasonal” but is likely down to account for the stronger 2H even before any tariff demand destruction.
We remain on the sidelines as there is really no upside without an AI story.”
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Where the price stands
AMD trades at $487. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $100 target is 85% below the median, the lowest on the Street.
Since the note AMD has moved +394% (from $98.62). The 12-month window closed on May 7, 2026.
Track record
This call✓ Target reached on May 7, 2025, 0 days after the note.
Firm track recordJefferies: 67% of its 18 targets at least a year old were reached within 12 months (#20 of 26 firms); on AMD, 3 of 3. Accuracy ranking →
Jefferies on AMD
Jefferies price targets on AMD
8 calls from March 27, 2025 to July 24, 2026. The target went from $120 to $640 (+433%). The rating moved from Hold to Buy.
- July 24, 2026Target raised from $300 (+113%)Buy$640
- February 24, 2026Kept the $300 targetBuy$300
- February 24, 2026Kept the $300 targetBuy$300
- November 12, 2025Kept the $300 targetBuy$300
- November 5, 2025Kept the $300 targetBuy$300
- October 6, 2025Upgraded to Buy, target raised from $100 (+200%)Buy$300
- May 7, 2025 This noteTarget cut from $120 (−17%)Hold$100
- March 27, 2025Earliest call shownHold$120
Other analysts on AMD
Morgan StanleyHold
Raised price target +10%, kept rating · Nov 2
$510from $465
SusquehannaBuy
Raised price target +5%, kept rating · Oct 28
$650from $620
Aletheia CapitalBuy
Raised price target +14%, kept rating · Oct 28
$800from $700
SusquehannaBuy
Raised price target +13%, kept rating · Oct 21
$620from $550
TD CowenBuy
Kept rating and price target · Oct 19
$675maintained