Morgan Stanley AMD

Morgan Stanley Reaffirms Equalweight on AMD, $260 Price Target

Analyst: Joseph Moore 1 min read Reproduced verbatim
Rating
Equalweight
Unchanged
Target
$260
Outcome
Reached
on April 16, 2026
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What the analyst said

Morgan Stanley analyst Joseph Moore reiterated an Equalweight rating and $260 price target on AMD (NASDAQ: AMD).

“Thoughts on the stock: The real issue here then is that the stock is going to be binary around AI market share in our view, and a 5 year single point earnings model doesn’t really capture the richness of that debate.

We knew all of that coming into this meeting, and it didn’t change our mind at all – we need to hear more broad acceptance of MI450 from hyperscalers to underwrite the current share price given recent share price appreciation.

That keeps us EW.”

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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 $485. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $260 target is 61% below the median, the lowest on the Street.

Since the note AMD has moved +104% (from $238). 12-month window: day 357 of 365, closes on November 12, 2026.

Track record

This call✓ Target reached on April 16, 2026, 5 months after the note. Same target as this firm’s November 5, 2025 note, so it is scored there.

Firm track recordMorgan Stanley: 81% of its 48 targets at least a year old were reached within 12 months (#9 of 26 firms); on AMD, 3 of 3. Accuracy ranking →

Morgan Stanley on AMD

Morgan Stanley price targets on AMD

8 calls from February 4, 2025 to August 5, 2026. The target went from $147 to $465 (+216%). The rating stayed Hold.

Morgan Stanley targetAMD share price
  1. August 5, 2026Target raised from $360 (+29%)$465
  2. May 4, 2026Target raised from $255 (+41%)$360
  3. February 4, 2026Target cut from $260 (−2%)$255
  4. November 12, 2025 This noteKept the $260 targetHold$260
  5. November 5, 2025Target raised from $246 (+6%)Hold$260
  6. October 7, 2025Target raised from $121 (+103%)Hold$246
  7. May 7, 2025Target cut from $147 (−18%)Hold$121
  8. February 4, 2025Earliest call shownHold$147
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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.