Melius Research AMD

Melius Research Raises AMD Price Target to $380

November 12, 2025 Analyst: Ben Reitzes 1 min read Reproduced verbatim
Rating
Buy
Target
$380
from $300 (+27%)
Outcome
Reached
on May 6, 2026
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What the analyst said

Melius analyst Ben Reitzes raised the price target on AMD (NASDAQ: AMD) to $380 (from $300) while maintaining a Buy rating.

“Bottom Line: The margin guide was the real positive surprise, while 35%+ revenue growth CAGR backs a double-digit share in AI semis/networking – and $150B or so in revenue by 2030.

AMD seems to clearly be targeting a $1T market cap with these aspirations.

Although there is a lot of execution and OpenAI funding needed to get there, a share of 10%+ seems realistic.

We are raising our 2027-2028 estimates and target to $380 from $300. Reiterate Buy.”

Disclaimer
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 $529. The 26 analysts who set a target in the last 3 months range from $465 to $1,250, with a median of $680. This $380 target is 44% below the median, the lowest on the Street.

Since the note AMD has moved +123% (from $238). 12-month window: day 340 of 365, closes on November 12, 2026.

Track record

This call✓ Target reached on May 6, 2026, 6 months after the note.

Firm track recordMelius Research: 80% of its 5 targets at least a year old were reached within 12 months (#19 of 28 firms); on AMD, 3 of 3. Accuracy ranking →

Melius Research on AMD

Melius Research price targets on AMD

5 calls from January 28, 2025 to July 24, 2026. The target went from $129 to $660 (+412%). The rating moved from Hold to Buy.

Melius Research targetAMD share price
  1. July 24, 2026Target raised from $380 (+74%)Buy$660
  2. November 12, 2025 This noteTarget raised from $175 (+117%)Buy$380
  3. June 23, 2025Upgraded to Buy, target raised from $120 (+46%)Buy$175
  4. February 5, 2025Target cut from $129 (−7%)Hold$120
  5. January 28, 2025Earliest call shownHold$129
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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 StifelBuy Raised price target +10%, kept rating · Oct 5 $700from $635 CantorBuy Kept rating and price target · Oct 5 $700maintained RosenblattBuy Kept rating and price target · Sep 29 $700maintained
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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.