Rosenblatt AMD

Rosenblatt Raises AMD Price Target to $490

Analyst: Kevin Cassidy 1 min read Reproduced verbatim
Rating
Buy
Target
$490
from $300 (+63%)
Outcome
Reached
on May 26, 2026
Rosenblatt and AMD logos

What the analyst said

Rosenblatt analyst Kevin Cassidy raised the price target on AMD (NASDAQ: AMD) to $490.00 (from $300.00) while maintaining a Buy rating.

“AMD delivered a beat-n-raise earnings report. The upside was driven by demand for server CPUs as the use of Agentic AI proliferates and drives productivity.

Server CPU revenue growth was 50%+ during the quarter. Outlook for June is 70%+ Y/Y growth.

According to management most of the growth is driven by unit shipments with double-digit increase in ASP/unit. ASP/core continues to decline but demand is mix is increasing for CPUs with more cores.

We are lifting our estimates and our 12-month price target to $490, based on a P/E multiple of 35x our FY27E Non-GAAP EPS.

We see 35x as justified to AMD’s top line growing 40%+ and bottom line growing 80%+.”

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 $489. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $490 target is 27% below the median, the lowest on the Street.

Since the note AMD has moved +38% (from $355). 12-month window: day 182 of 365, closes on May 6, 2027.

Track record

This call✓ Target reached on May 26, 2026, 20 days after the note.

Firm track recordRosenblatt: 58% of its 19 targets at least a year old were reached within 12 months (#25 of 26 firms). Accuracy ranking →

Earnings reactionOne of 22 notes after AMD’s May 5 results: 22 raised · 0 cut · 0 kept. See every call →

Rosenblatt on AMD

Rosenblatt price targets on AMD

7 calls from February 5, 2025 to September 29, 2026. The target went from $225 to $700 (+211%). The rating stayed Buy.

Rosenblatt targetAMD share price
  1. September 29, 2026Kept the $700 targetBuy$700
  2. August 6, 2026Target raised from $490 (+43%)Buy$700
  3. May 6, 2026 This noteTarget raised from $300 (+63%)Buy$490
  4. February 4, 2026Kept the $300 targetBuy$300
  5. February 4, 2026Kept the $300 targetBuy$300
  6. November 5, 2025Target raised from $225 (+33%)Buy$300
  7. February 5, 2025Earliest call shownBuy$225
Share

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
Share on
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.