Bank of America AMD

BofA Raises AMD Price Target to $130

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Target
$130
from $120 (+8%)
Outcome
Reached
on June 24, 2025
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What the analyst said

BofA Securities analyst Vivek Arya raised the price target on AMD (NASDAQ: AMD) to $130 (from $120) while maintaining a Buy rating, following the just announced Sovereign AI projects, which can offset China restrictions.

“… NVDA and AMD separately announced multi-year AI infrastructure projects with HUMAIN, a subsidiary of the Saudi Arabia Public Investment Fund.

We size the projects to be likely around $3-$5bn annually, or $15-$20bn over a multi-year period.

Sovereign AI nicely complements commercial cloud investments with a focus on training and inference of LLMs in local culture, language and needs, and could be 10-15% or $50bn+ annually in the longer-term $450-$500bn global AI infrastructure opportunity.

Sovereign AI could also help address limited power availability for data centers in US, plus offset headwinds from restrictions on US companies shipping to China.”

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 $489. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $130 target is 81% below the median, the lowest on the Street.

Since the note AMD has moved +335% (from $112). The 12-month window closed on May 14, 2026.

Track record

This call✓ Target reached on June 24, 2025, 41 days after the note.

Firm track recordBank of America: 82% of its 49 targets at least a year old were reached within 12 months (#8 of 26 firms); on AMD, 7 of 7. Accuracy ranking →

Bank of America on AMD

Bank of America price targets on AMD

8 calls from February 5, 2025 to November 12, 2025. The target went from $135 to $300 (+122%). The rating moved from Hold to Buy.

Bank of America targetAMD share price
  1. November 12, 2025Kept the $300 targetBuy$300
  2. October 17, 2025Target raised from $250 (+20%)Buy$300
  3. October 9, 2025Target raised from $175 (+43%)Buy$250
  4. July 15, 2025Target raised from $130 (+35%)Buy$175
  5. May 14, 2025 This noteTarget raised from $120 (+8%)Buy$130
  6. May 7, 2025Upgraded to Buy, target raised from $110 (+9%)Buy$120
  7. April 16, 2025Target cut from $135 (−19%)Hold$110
  8. February 5, 2025Earliest call shownHold$135
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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
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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.