Raymond James AMD

Raymond James Lowers AMD Price Target to $365

Analyst: Simon Leopold 1 min read Reproduced verbatim
Rating
Outperform
Target
$365
from $377 (−3%)
Outcome
Reached
on May 6, 2026
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What the analyst said

Raymond James analyst Simon Leopold lowered the price target on AMD (NASDAQ: AMD) to $365.00 (from $377.00) while maintaining an Outperform rating.

“We maintain our Outperform rating on Advanced Micro Devices, Inc. (AMD) following a solid 4Q25 and higher 1Q26 guidance, even after adjusting for GPU sales to China.

Despite concerns around potential delays, management reiterated their outlook for a strong 2H26 ramp of the MI450.

Additionally, accelerating AI deployments are also driving stronger server CPU demand, and our model now reflects 50% growth in 2026, up from 27% previously.

Memory pricing and supply constraints remain risks, but management does not believe this will materially impact their anticipated shipments.”

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 $404. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $365 target is 44% below the median, the lowest on the Street.

Since the note AMD has moved +67% (from $242). 12-month window: day 274 of 365, closes on February 4, 2027.

Track record

This call✓ Target reached on May 6, 2026, 3 months after the note.

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Earnings reactionOne of 17 notes after AMD’s Feb 3 results: 5 raised · 4 cut · 8 kept. See every call →

Raymond James on AMD

Raymond James price targets on AMD

5 calls from February 5, 2025 to November 4, 2026. The target went from $150 to $649 (+333%). The rating stayed Buy.

Raymond James targetAMD share price
  1. November 4, 2026Target raised from $641 (+1%)Buy$649
  2. August 25, 2026Target raised from $365 (+76%)Buy$641
  3. February 4, 2026 This noteTarget raised from $337 (+8%)Buy$365
  4. November 20, 2025Target raised from $150 (+125%)Buy$337
  5. February 5, 2025Earliest call shownBuy$150
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Other analysts on AMD

HSBCHold Raised price target +8%, kept rating Nov 5 $540from $500 StoneXBuy Kept rating and price target Nov 4 $685maintained DA DavidsonBuy Raised price target +9%, kept rating Nov 4 $600from $550 TD CowenBuy Kept rating and price target Nov 4 $675maintained RBC CapitalHold Kept rating and price target Nov 4 $540maintained
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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.