Stifel AMD

Stifel Raises AMD Price Target to $450

Analyst: Ruben Roy 1 min read Reproduced verbatim
Rating
Buy
Target
$450
from $320 (+41%)
Outcome
Reached
on May 8, 2026
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What the analyst said

Stifel analyst Ruben Roy raised the price target on AMD (NASDAQ: AMD) to $450.00 (from $320.00) while maintaining a Buy rating.

“AMD reported a strong beat-and-raise quarter, with 1Q26 revenue of $10.3bn (+38% y/y), non GAAP gross margin of 55.0% (+170bps y/y), and non-GAAP EPS of $1.37 (+43% y/y), all above our estimates (~$9.8bn, ~54.5%, ~$1.25, respectively).

2Q guidance of ~$11.2bn (+46% y/y at mid) and ~56% gross margin also exceeded expectations (consensus ~$10.7bn, ~55.5%, $1.44), driven by accelerating Data Center momentum and strong y/y growth in the Client and Gaming segments as well as a return to y/y growth in Embedded.

Notably, management upgraded its server CPU TAM outlook from ~18% to >35% annual growth, with expectations of reaching over $120bn by 2030, reflecting the structural demand pull from inferencing and agentic AI.

With multi-gigawatt customer commitments expanding, Helios on track for 2H production, and Venice/6th Gen EPYC set to launch later this year, we continue to view AMD as entering a sustained multi-year growth cycle with increasing visibility.

Reiterate Buy.”

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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 $484. The 24 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $450 target is 33% below the median, the lowest on the Street.

Since the note AMD has moved +36% (from $355). 12-month window: day 182 of 365, closes on May 6, 2027.

Track record

This call✓ Target reached on May 8, 2026, 2 days after the note.

Firm track recordStifel: 83% of its 41 targets at least a year old were reached within 12 months (#5 of 26 firms); on AMD, 3 of 3. Accuracy ranking →

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

Stifel on AMD

Stifel price targets on AMD

8 calls from October 6, 2025 to July 24, 2026. The target went from $240 to $635 (+165%). The rating stayed Buy.

Stifel targetAMD share price
  1. July 24, 2026Kept the $635 targetBuy$635
  2. July 10, 2026Target raised from $450 (+41%)Buy$635
  3. May 6, 2026 This noteTarget raised from $320 (+41%)Buy$450
  4. April 20, 2026Target raised from $280 (+14%)Buy$320
  5. February 4, 2026Kept the $280 targetBuy$280
  6. February 4, 2026Kept the $280 targetBuy$280
  7. November 5, 2025Target raised from $240 (+17%)Buy$280
  8. October 6, 2025Earliest call shownBuy$240
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Other analysts on AMD

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 William BlairHold Kept rating Nov 4 Wells FargoBuy Cut price target −7%, kept rating Nov 4 $650from $700
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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.