Wolfe Research AMD

Wolfe Research Reiterates Outperform Rating on AMD

Analyst: Chris Caso 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$450
Unchanged
Outcome
Reached
on May 8, 2026
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What the analyst said

Wolfe Research analyst Chris Caso reiterated an Outperform rating and $450.00 price target on AMD (NASDAQ: AMD).

“Advancing AI & future GPU products.

Management noted that they will talk more about the MI500 series at their July Advancing AI event [link]; they expect the deployment MI-600 to be 12-15 months after the MI500 series launch.

AMD expects pricing to go higher as rack performance moves up a multiple every successive generation.

Even though new racks will have higher power draw, AMD expects the overall $ / GW to expand in future generations. AMD’s CPU opportunity is additive to this content expansion.”

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 $404. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $450 target is 31% below the median, the lowest on the Street.

Since the note AMD has moved −21% (from $512). 12-month window: day 143 of 365, closes on June 15, 2027.

Track record

This call✓ Target reached on May 8, 2026, 2 days after the note. Same target as this firm’s May 6, 2026 note, so it is scored there.

Firm track recordWolfe Research: 91% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Wolfe Research on AMD

Wolfe Research price targets on AMD

4 calls from May 6, 2026 to November 4, 2026. The target went from $450 to $650 (+44%). The rating stayed Buy.

Wolfe Research targetAMD share price
  1. November 4, 2026Target raised from $450 (+44%)Buy$650
  2. June 15, 2026 This noteKept the $450 targetBuy$450
  3. June 15, 2026Kept the $450 targetBuy$450
  4. May 6, 2026Earliest call shownBuy$450
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Other analysts on AMD

HSBCHold Raised price target +8%, kept rating Nov 5 $540from $500 StoneXBuy Kept rating and price target Nov 4 $685maintained DA DavidsonBuy Raised price target +9%, kept rating Nov 4 $600from $550 TD CowenBuy Kept rating and price target Nov 4 $675maintained RBC CapitalHold Kept rating and price target Nov 4 $540maintained
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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.