Bank of America AMD

BofA Maintains Buy on AMD, $250 Price Target

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$250
Outcome
Reached
on October 24, 2025
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What the analyst said

BofA Securities analyst Vivek Arya reiterated a Buy rating and $250 price target on AMD (NASDAQ: AMD).

“Earlier today, we hosted AMD’s CFO Jean Hu and VP of Financial Strategy and IR Matthew Ramsay for a well-attended investor call.

Key takeaways include: 1) OpenAI’s first 1GW deployment is on track to ship in 2H26 on MI450 Series racks, weighted towards Q4; 2) AMD content will initially include its GPUs, CPUs, DPUs for ~$15-20bn per GW, including contra-revenue warrant impact (<5%); 3) Content could increase over time on ASPs expansion and potential inclusion of networking components; 4) AMD will ship to and bill CSPs for the deployment, the deal could open doors for other AMD-based deployments at CSPs; 5) OpenAI is financially incentivized to deploy all 6 GW prior to October 2030 when warrants expire; 6) Deal/opp’ty is incremental to what AMD has announced so far; 7) the choice/mix of accelerator (NVDA vs.

AMD vs. AVGO) is based on TCO which is different for each workload; and 8) UALink aims to build on what AMD has been doing with InfinityFabric over 5-6 generations, and is a proven concept.”

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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 $250 target is 64% below the median, the lowest on the Street.

Since the note AMD has moved +108% (from $236). The 12-month window closed on October 9, 2026.

Track record

This call✓ Target reached on October 24, 2025, 15 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, 2025 This noteTarget raised from $175 (+43%)Buy$250
  4. July 15, 2025Target 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.