RBC Capital AMD

RBC Capital Reiterates Sector Perform on AMD, $540 Price Target

1 min read Reproduced verbatim
Rating
Sector Perform
Unchanged
Target
$540
from $400 (+35%)
Upside
+11%
AMD at $489 today
RBC Capital and AMD logos

What the analyst said

RBC Capital analyst Srini Pajjuri reiterated a Sector Perform rating and $540 price target on AMD (NASDAQ: AMD).

“AMD raised its GPU/CPU TAM estimates, highlighted GPU benchmarks, and discussed its product roadmap at Advancing AI event.

On recently announced Anthropic partnership, management expects initial 1GW (of 2GW total) to ramp mostly in 2027, which should represent $10-$20B in incremental revenue.

CPU momentum was also a key theme while AI-assisted kernel generation was flagged as a meaningful inflection point in closing the software gap.

We are raising our estimates to incorporate the Anthropic deal, and at 36x CY27E EPS, we believe further outperformance is largely a function of strong MI455/Helios ramps.

We view component supply, rack-scale execution, and competition as key risks and would wait for evidence of Helios volume ramps before getting more constructive.”

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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 $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 $540 target is 20% below the median.

Since the note AMD has moved −9% (from $540). 12-month window: day 103 of 365, closes on July 24, 2027.

Track record

This callOpen: a 12-month target, scored on July 24, 2027, a year after the note.

Firm track recordRBC Capital: 50% of its 16 targets at least a year old were reached within 12 months (#26 of 26 firms). Accuracy ranking →

RBC Capital on AMD

RBC Capital price targets on AMD

7 calls from January 14, 2026 to July 24, 2026. The target went from $230 to $540 (+135%). The rating stayed Hold.

RBC Capital targetAMD share price
  1. July 24, 2026 This noteTarget raised from $400 (+35%)Hold$540
  2. May 6, 2026Target raised from $325 (+23%)Hold$400
  3. April 30, 2026Target raised from $230 (+41%)Hold$325
  4. February 4, 2026Kept the $230 targetHold$230
  5. February 4, 2026Kept the $230 targetHold$230
  6. January 14, 2026Kept the $230 targetHold$230
  7. January 14, 2026Earliest call shownHold$230
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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
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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.