Jefferies AMD

Jefferies Maintains Buy on AMD, $300 Price Target

Analyst: Blayne Curtis 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$300
Outcome
Reached
on April 22, 2026
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What the analyst said

Jefferies analyst Blayne Curtis reiterated a Buy rating and $300 price target on AMD (NASDAQ: AMD).

“AMD’s 2025 Analyst Day struck a positive tone across all businesses and while the increase of the AI silicon TAM to $1T+ by 2030 was in line with expectations, the financial model was better in terms of growth (>35%) and GMs (55-58%) yielding >$20 of EPS before 2030.

The 35%+ rev CAGR over the next 3-5 years tied to AI growth of 80%+ but GP servers should grow 20%+ given the acceleration in the TAM ($60B by 2030) and expects share gains (>50% target).

GMs in the range of 55-58% also better as improving higher ASPs and added Enterprise exposure in Client help offset some of the AI revenue growth.

Altogether, the model is expected to drive $20+ of EPS but if AMD can execute, earnings could be higher as the model inputs suggest closer to $30.

Success of the business from here remains largely dependent on how the market receives MI400/MI500 Series GPUs and on that front, there wasn’t anything incremental from the product or customer perspective.

Overall, a positive update and we look for growth to accelerate next year as AI takes off.”

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Where the price stands

AMD trades at $487. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $300 target is 56% below the median, the lowest on the Street.

Since the note AMD has moved +105% (from $238). 12-month window: day 356 of 365, closes on November 12, 2026.

Track record

This call✓ Target reached on April 22, 2026, 7 months after the note. Same target as this firm’s October 6, 2025 note, so it is scored there.

Firm track recordJefferies: 67% of its 18 targets at least a year old were reached within 12 months (#20 of 26 firms); on AMD, 3 of 3. Accuracy ranking →

Jefferies on AMD

Jefferies price targets on AMD

8 calls from March 27, 2025 to July 24, 2026. The target went from $120 to $640 (+433%). The rating moved from Hold to Buy.

Jefferies targetAMD share price
  1. July 24, 2026Target raised from $300 (+113%)Buy$640
  2. February 24, 2026Kept the $300 targetBuy$300
  3. February 24, 2026Kept the $300 targetBuy$300
  4. November 12, 2025 This noteKept the $300 targetBuy$300
  5. November 5, 2025Kept the $300 targetBuy$300
  6. October 6, 2025Upgraded to Buy, target raised from $100 (+200%)Buy$300
  7. May 7, 2025Target cut from $120 (−17%)Hold$100
  8. March 27, 2025Earliest call shownHold$120
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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.