Raymond James AMD

Raymond James Assumes AMD at Outperform, $337 Price Target

November 20, 2025 Analyst: Simon Leopold 1 min read Reproduced verbatim
Rating
Buy
New coverage
Target
$337
First target
Outcome
Reached
on April 24, 2026
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What the analyst said

Raymond James analyst Simon Leopold assumed coverage on AMD (NASDAQ: AMD) with an Outperform rating and a price target of $337.

“We resume coverage of Advanced Micro Devices, Inc. (AMD) with an Outperform rating.

AMD is a leading vendor of CPUs, APUs, and GPUs in the consumer and data center markets and is actively developing new elements including platforms and software.

Investor skepticism lingers, but shares have attracted a broader audience than in the past and have delivered outstanding performance YTD, up ~2x.

Fundamentals need to catch up, and we believe they will.

The newest wins with OpenAI and HUMAIN for ~1 GW could be worth $15B in 2026.

These grow to over 2 GW in 2027. AMD appears poised for continued server and PC share gains, too.

Additionally, the OpenAI deployment may serve as an important endorsement for potentially encouraging other model builders and hyperscalers to adopt AMD GPUs.

The AI TAM is large enough to support multiple chip suppliers, and AMD will be among the participants. We establish a $377 price target.”

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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 $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 $337 target is 50% below the median, the lowest on the Street.

Since the note AMD has moved +137% (from $224). 12-month window: day 332 of 365, closes on November 20, 2026.

Track record

This call✓ Target reached on April 24, 2026, 5 months after the note.

Firm track recordToo early to score Raymond James: price targets are 12-month calls and fewer than 3 of its targets are a year old. 11 of its 27 open targets have already been reached. How we score

Raymond James on AMD

Raymond James price targets on AMD

4 calls from February 5, 2025 to August 25, 2026. The target went from $150 to $641 (+327%). The rating stayed Buy.

Raymond James targetAMD share price
  1. August 25, 2026Target raised from $365 (+76%)Buy$641
  2. February 4, 2026Target raised from $337 (+8%)Buy$365
  3. November 20, 2025 This noteTarget raised from $150 (+125%)Buy$337
  4. February 5, 2025Earliest call shownBuy$150
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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.