Bank of America AMD

BofA Raises AMD Price Target to $300

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Target
$300
from $250 (+20%)
Outcome
Reached
on April 22, 2026
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What the analyst said

BofA Securities analyst Vivek Arya raised the price target on AMD (NASDAQ: AMD) to $300 (from $250) while maintaining a Buy rating.

“Reit. Buy, raise AMD PO to $300 (from $250) following positive announcements at the 2025 OCP Conference in San Jose, CA.

Overall, we now see greater visibility into the deployment and ramp outlook of MI450 Series ‘Helios’ racks launching in 2H26, supported by key industry customers such as Oracle, Meta, and OpenAI (more details on pg.

3).

As a result, we now assume 50% OpenAI deal (6 GW deployment over 4 years) fall-through in our base model, raise sales/EPS ests, and highlight upside toward $10-11 EPS power by CY27E at 100% fall-through.

Our new $300 PO is based on unch. 33x CY27E PE, still within 14x-55x historical range. Next major catalyst includes upcoming Analyst Day in NYC on 11/11.

Separately, we also highlight very low AMD ownership amongst active fund managers at just ~20% of funds as of August, as well as just 0.16x weighting within SPX at funds, down significantly YoY vs. market-weight+ (1.00x+) for most large cap semis peers…”

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Where the price stands

AMD trades at $492. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $300 target is 56% below the median, the lowest on the Street.

Since the note AMD has moved +110% (from $235). The 12-month window closed on October 17, 2026.

Track record

This call✓ Target reached on April 22, 2026, 6 months 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 April 16, 2025 to February 4, 2026. The target went from $110 to $280 (+155%). The rating moved from Hold to Buy.

Bank of America targetAMD share price
  1. February 4, 2026Target cut from $300 (−7%)Buy$280
  2. November 12, 2025Kept the $300 targetBuy$300
  3. October 17, 2025 This noteTarget raised from $250 (+20%)Buy$300
  4. October 9, 2025Target raised from $175 (+43%)Buy$250
  5. July 15, 2025Target raised from $130 (+35%)Buy$175
  6. May 14, 2025Target raised from $120 (+8%)Buy$130
  7. May 7, 2025Upgraded to Buy, target raised from $110 (+9%)Buy$120
  8. April 16, 2025Earliest call shownHold$110
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Other analysts on AMD

JP MorganHold Raised price target +5%, kept rating Nov 4 $575from $550 Piper SandlerBuy Raised price target +8%, kept rating Nov 4 $650from $600 UBSBuy Cut price target −4%, kept rating Nov 4 $700from $730 Melius ResearchBuy Raised price target +8%, kept rating Nov 4 $650from $600 SusquehannaBuy Kept rating and price target Nov 4 $650maintained
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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.