What the analyst said
Truist Securities analyst William Stein reiterated a Buy rating and $283.00 price target on AMD (NASDAQ: AMD).
“Echoing its 2025 deal with OpenAI, AMD announces new 6GW deal with META; AMD and Meta sign multi-year, multi-gen partnership.
This morning, AMD announced a strategic partnership with META to deploy up to 6 GWs of Instinct GPUs starting in 2H26.
The deal includes custom MI450 accelerators, aligned GPU/CPU/software roadmaps, and Helios rack-scale systems co-developed through the Open Compute Project (OCP).
The first GW deployment (which is committed) is set to begin in 2H26 and continue into 2027. AMD’s wins are not necessary losses for NVDA or AVGO.
Meta has been a well-known customer of NVDA, Broadcom, and AMD, for some time.
Considering the company’s robust capex level and growth, we do not believe spend with one supplier comes at the strict expense of another.
Applications, workloads, volumes, and models are evolving and growing. We believe Meta represents growth opportunities to all three major DC/AI infrastructure vendors – AMD, NVDA, and AVGO.”
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 $495. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $283 target is 59% below the median, the lowest on the Street.
Since the note AMD has moved +131% (from $214). 12-month window: day 251 of 365, closes on February 25, 2027.
Track record
This call✓ Target reached on April 21, 2026, 3 months after the note. Same target as this firm’s February 4, 2026 note, so it is scored there.
Firm track recordTruist: 78% of its 27 targets at least a year old were reached within 12 months (#17 of 26 firms); on AMD, 2 of 3. Accuracy ranking →
Truist on AMD
Truist price targets on AMD
8 calls from July 7, 2025 to May 6, 2026. The target went from $111 to $478 (+331%). The rating moved from Hold to Buy.
- May 6, 2026Target raised from $283 (+69%)Buy$478
- February 25, 2026Kept the $283 targetBuy$283
- February 25, 2026 This noteKept the $283 targetBuy$283
- February 4, 2026Target raised from $277 (+2%)Buy$283
- December 19, 2025Target cut from $279 (−1%)Buy$277
- November 12, 2025Kept the $279 targetBuy$279
- November 5, 2025Upgraded to Buy, target raised from $111 (+151%)Buy$279
- July 7, 2025Earliest call shownHold$111
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