Evercore AMD

Evercore ISI Reaffirms Outperform on AMD, $126 Price Target

Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$126
Outcome
Reached
on June 16, 2025
Evercore and AMD logos

What the analyst said

Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $126 price target on AMD (NASDAQ: AMD).

“Management believes that its GPU business market share ramp is viewed as slow by investors, but noted it is pursuing similar LT strategy (with same executive team) that proved successful in winning share server CPUs, and that it is seeing success along a similar time frame.

That being that the 1 st gen product is introductory (MI300 in GPUs, Naples in server CPUs), 2nd gen (MI325, Rome) onboards a large customer, 3rd gen (MI350, Milan) larger customers onboarding and continued market share gains follow in 4th gen (Genoa, MI400) and beyond. • AMD believes that while investors are hyper-focused on its progress in its datacenter GPU business, they perhaps do not fully appreciate that the company continues to see strong momentum in all markets (GPU, CPU and Client), and that its profitability benefits from having a strong position in all 3 markets.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $404. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $126 target is 81% below the median, the lowest on the Street.

Since the note AMD has moved +260% (from $112). The 12-month window closed on May 14, 2026.

Track record

This call✓ Target reached on June 16, 2025, 40 days after the note. Same target as this firm’s May 7, 2025 note, so it is scored there.

Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms); on AMD, 2 of 2. Accuracy ranking →

Evercore on AMD

Evercore price targets on AMD

6 calls from May 7, 2025 to May 19, 2026. The target went from $126 to $579 (+360%). The rating stayed Buy.

Evercore targetAMD share price
  1. May 19, 2026Target raised from $328 (+77%)Buy$579
  2. February 4, 2026Target raised from $144 (+128%)Buy$328
  3. July 15, 2025Kept the $144 targetBuy$144
  4. June 13, 2025Target raised from $126 (+14%)Buy$144
  5. May 14, 2025 This noteKept the $126 targetBuy$126
  6. May 7, 2025Earliest call shownBuy$126
Share

Other analysts on AMD

HSBCHold Raised price target +8%, kept rating Nov 5 $540from $500 StoneXBuy Kept rating and price target Nov 4 $685maintained DA DavidsonBuy Raised price target +9%, kept rating Nov 4 $600from $550 TD CowenBuy Kept rating and price target Nov 4 $675maintained RBC CapitalHold Kept rating and price target Nov 4 $540maintained
Share on
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.