Melius Research Raises AMD Price Target to $660

Analyst: Ben Reitzes 1 min read Reproduced verbatim
Rating
Buy
Target
$660
from $540 (+22%)
Upside
+35%
AMD at $490 today
Melius Research and AMD logos

What the analyst said

Melius Research analyst Ben Reitzes raised the price target on AMD (NASDAQ: AMD) to $660 (from $540) while maintaining a Buy rating.

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 $490. The 23 analysts who set a target in the last 3 months range from $510 to $800, with a median of $685. This $660 target is 4% below the median.

Since the note AMD has moved −9% (from $540). 12-month window: day 102 of 365, closes on July 24, 2027.

Track record

This callOpen: AMD has not reached $660 yet. This 12-month target is scored on July 24, 2027.

Firm track recordMelius Research: 67% of its 9 targets at least a year old were reached within 12 months; on AMD, 3 of 3. Accuracy ranking →

Melius Research on AMD

Melius Research price targets on AMD

5 calls from January 28, 2025 to July 24, 2026. The target went from $129 to $660 (+412%). The rating moved from Hold to Buy.

Melius Research targetAMD share price
  1. July 24, 2026 This noteTarget raised from $380 (+74%)Buy$660
  2. November 12, 2025Target raised from $175 (+117%)Buy$380
  3. June 23, 2025Upgraded to Buy, target raised from $120 (+46%)Buy$175
  4. February 5, 2025Target cut from $129 (−7%)Hold$120
  5. January 28, 2025Earliest call shownHold$129
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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.