Raymond James Lowers AMD Price Target to $365

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

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