RBC Capital AMD

RBC Capital Reiterates Sector Perform on AMD, $230 Price Target

Analyst: Srini Pajjuri 1 min read Reproduced verbatim
Rating
Sector Perform
Unchanged
Target
$230
Outcome
Reached
on January 16, 2026
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What the analyst said

RBC Capital analyst Srini Pajjuri reiterated a Sector Perform rating and $230.00 price target on AMD (NASDAQ: AMD).

“AMD’s 4Q25 results and 1Q26 outlook were largely as we previewed albeit with some help from China AI revenue (not originally in our model).

Data Center benefited from Server CPU demand/share gains while AI GPUs also grew q/q (even ex-China revenue).

Management sounded confident about Server CPU growth continuing through the year and reiterated its prior timelines for MI4xx/OpenAI ramps (2H26).

We are raising estimates slightly as higher opex partially offsets higher revenue. With valuation at ~40% premium to NVDA, we see limited catalysts until OpenAI starts to ramps in volume in 4Q26.

Maintain Sector Perform.”

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 $481. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $230 target is 66% below the median, the lowest on the Street.

Since the note AMD has moved +99% (from $242). 12-month window: day 273 of 365, closes on February 4, 2027.

Track record

This call✓ Target reached on January 16, 2026, 2 days after the note. Same target as this firm’s January 14, 2026 note, so it is scored there.

Firm track recordRBC Capital: 50% of its 16 targets at least a year old were reached within 12 months (#26 of 26 firms). Accuracy ranking →

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

RBC Capital on AMD

RBC Capital price targets on AMD

7 calls from January 14, 2026 to July 24, 2026. The target went from $230 to $540 (+135%). The rating stayed Hold.

RBC Capital targetAMD share price
  1. July 24, 2026Target raised from $400 (+35%)Hold$540
  2. May 6, 2026Target raised from $325 (+23%)Hold$400
  3. April 30, 2026Target raised from $230 (+41%)Hold$325
  4. February 4, 2026 This noteKept the $230 targetHold$230
  5. February 4, 2026Kept the $230 targetHold$230
  6. January 14, 2026Kept the $230 targetHold$230
  7. January 14, 2026Earliest call shownHold$230
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Other analysts on AMD

JP MorganHold Raised price target +5%, kept rating Nov 4 $575from $550 Piper SandlerBuy Raised price target +8%, kept rating Nov 4 $650from $600 UBSBuy Cut price target −4%, kept rating Nov 4 $700from $730 Melius ResearchBuy Raised price target +8%, kept rating Nov 4 $650from $600 SusquehannaBuy Kept rating and price target Nov 4 $650maintained
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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.