What the analyst said
Stifel analyst Ruben Roy reiterated a Buy rating and $132 price target on AMD (NASDAQ: AMD)
“Key Takeaway: In our view, AMD’s sale of ZT System’s manufacturing base to SANM aligns with the former’s stated goal of technological expansion with a focus on AI infrastructure.
More importantly, however, this sale reflects our original thesis; AMD’s acquisition of ZT was motivated by a shift towards rack-scale AI solutions.
We believe that AMD’s ability to leverage ~1,200 engineers with rack-scale experience should provide the company with a critical cog in its long-term AI roadmap and could accelerate time to market with competitive infrastructure systems.
AMD also noted that while the company expects to leverage a number of manufacturing partners, Sanmina will be a preferred new product introduction manufacturing partner for its rack-scale roadmap, which should benefit from the working partnership between the ex-ZT Systems engineering team and the manufacturing side of the enterprise.”
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Where the price stands
AMD trades at $529. The 26 analysts who set a target in the last 3 months range from $465 to $1,250, with a median of $680. This $132 target is 81% below the median, the lowest on the Street.
Since the note AMD has moved +351% (from $117). The 12-month window closed on May 19, 2026.
Track record
This call✓ Target reached on June 24, 2025, 2 months after the note. Same target as this firm’s May 7, 2025 note, so it is scored there.
Firm track recordStifel: 96% of its 28 targets at least a year old were reached within 12 months (#3 of 28 firms); on AMD, 3 of 3. Accuracy ranking →
Stifel on AMD
Stifel price targets on AMD
8 calls from February 5, 2025 to February 4, 2026. The target went from $162 to $280 (+73%). The rating stayed Buy.
- February 4, 2026Kept the $280 targetBuy$280
- November 5, 2025Target raised from $240 (+17%)Buy$280
- October 6, 2025Target raised from $132 (+82%)Buy$240
- June 13, 2025Kept the $132 targetBuy$132
- May 19, 2025 This noteKept the $132 targetBuy$132
- May 7, 2025Target cut from $162 (−19%)Buy$132
- April 1, 2025Kept 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