Jefferies AMD

Jefferies Upgrades AMD to Buy, $300 Price Target

Analyst: Blayne Curtis 1 min read Reproduced verbatim
Rating
Buy
from Hold
Target
$300
from $170 (+76%)
Outcome
Reached
on April 22, 2026
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What the analyst said

Jefferies analyst Blayne Curtis upgraded AMD (NASDAQ: AMD) from Hold to Buy with a price target of $300 (from $170).

“We rarely do this but are upgrading AMD post their announcement with OpenAI this am.

We raised estimates and our PT last week following positive server checks but couldn’t triangulate the AI ramp. This has clearly changed with OAI’s plans to buy 6GWs ($80-100B) of AMD equipment.

AMD will still have to hit milestones, but this is a strong validation of AMD’s AI roadmap and the level of AI demand in general. UG to Buy with $300 TP.”

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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 $492. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $300 target is 56% below the median, the lowest on the Street.

Since the note AMD has moved +199% (from $165). The 12-month window closed on October 6, 2026.

Track record

This call✓ Target reached on April 22, 2026, 7 months after the note.

Firm track recordJefferies: 67% of its 18 targets at least a year old were reached within 12 months (#21 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.

Jefferies targetAMD share price
  1. July 24, 2026Target raised from $300 (+113%)Buy$640
  2. February 24, 2026Kept the $300 targetBuy$300
  3. February 24, 2026Kept the $300 targetBuy$300
  4. November 12, 2025Kept the $300 targetBuy$300
  5. November 5, 2025Kept the $300 targetBuy$300
  6. October 6, 2025 This noteUpgraded to Buy, target raised from $100 (+200%)Buy$300
  7. May 7, 2025Target cut from $120 (−17%)Hold$100
  8. March 27, 2025Earliest call shownHold$120
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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.