Bank of America AMD

BofA Raises AMD Price Target to $175

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Target
$175
from $130 (+35%)
Outcome
Reached
on July 29, 2025
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What the analyst said

BofA Securities analyst Vivek Arya raised the price target on AMD (NASDAQ: AMD) to $175 (from $130) while maintaining a Buy rating.

“Similar to the NVDA analysis, we est.

AMD can ship from a baseline $400-$600mn/q (based on ~$2bn/CY25E estimate, though 1H heavy) in 2H’CY25E and in CY26E (no growth YoY given local competition).

So, a ~$1bn increment to the $6-$6.5bn data center GPU forecast for CY25E, and a ~$2bn increment to the $9.5-$10bn consensus expectation for CY26E.

In addition, we note 1) AMD’s strong pricing for its western MI355X ($20-$25K vs $17K consensus assumption), 2) Continued server CPU share gains against INTC, 3) conservative PC CPU assumption for 2H’CY25, 4) Potential for embedded systems recovery, and 5) Follow-on rack-scale MI400 products in CY26E with sovereign projects could provide further growth optionality and momentum to the stock that has lagged megacap peers.

Our new $175 PO is based on 31x CY26E PE (vs. 23x prior), still within historical 13x-39x range and close to 5-yr median 32x.

The multiple conceptually lowers to 30x, if our EPS accretion analysis comes through for CY26E.”

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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 $175 target is 74% below the median, the lowest on the Street.

Since the note AMD has moved +234% (from $146). The 12-month window closed on July 15, 2026.

Track record

This call✓ Target reached on July 29, 2025, 14 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, 2025 This noteTarget raised from $130 (+35%)Buy$175
  5. May 14, 2025Target 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.