What the analyst said
Stifel analyst Ruben Roy raised the price target on AMD (NASDAQ: AMD) to $280 (from $240) while maintaining a Buy rating.
“AMD delivered strong, above consensus 3Q results and 4Q outlook.
We believe near-term outperformance is being driven more by increasing demand for server CPUs and continued market share gains in client CPUs than DCAI GPUs, which, we believe, are on track to increase to $6bn – $6.5bn this year from our estimate of $5bn in 2024.
Looking ahead, we continue to believe that AMD is executing well as the company nears production shipments of the MI400/450 series GPUs and the Helios rack next year.
Recent announcements with OpenAI and OCI provide longer-term DCAI growth visibility, and we believe that additional engagements could drive further upside in an AI infrastructure TAM that continues to expand.
We expect the company to provide more detail on its technology roadmap, customer traction and market sizing at the 2025 Analyst/Investor Day next week. Reiterate Buy; target price to $280.”
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Where the price stands
AMD trades at $545. The 26 analysts who set a target in the last 3 months range from $465 to $1,250, with a median of $680. This $280 target is 59% below the median, the lowest on the Street.
Since the note AMD has moved +118% (from $250). 12-month window: day 345 of 365, closes on November 5, 2026.
Track record
This callOpen: a 12-month target, scored on November 5, 2026, a year after the note.
Firm track recordStifel: 96% of its 27 targets at least a year old were reached within 12 months (#3 of 28 firms); on AMD, 2 of 2. Accuracy ranking →
Stifel on AMD
Stifel price targets on AMD
8 calls from April 1, 2025 to February 4, 2026. The target went from $162 to $280 (+73%). The rating stayed Buy.
- February 4, 2026Kept the $280 targetBuy$280
- February 4, 2026Kept the $280 targetBuy$280
- November 5, 2025 This noteTarget raised from $240 (+17%)Buy$280
- October 6, 2025Target raised from $132 (+82%)Buy$240
- June 13, 2025Kept the $132 targetBuy$132
- May 19, 2025Kept the $132 targetBuy$132
- May 7, 2025Target cut from $162 (−19%)Buy$132
- April 1, 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