What the analyst said
KeyBanc analyst John Vinh reiterated an Overweight rating and $725 price target on AMD (NASDAQ: AMD).
“AMD posted solid 2Q results and 3Q guidance, which were slightly higher than consensus.
Strong growth was driven by Data Center, which grew +107% y/y, as server CPU grew >+70%, while we est AI GPU revs of $2.9B (+190%).
Given strong demand and increasing supply, AMD sees 2H26 server CPU rev growth of +80% y/y and +70% in 2027 and sees DC revs more than doubling in 2027 with AI GPUs growing well over 100%.
While 2Q/3Q results fell short of high expectations, we’re encouraged by AMD’s 2H/2027 outlook for DC/server CPU/ Helios. As such, we’re adjusting ests. Maintain Overweight.”
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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 $725 target is 12% above the median.
Since the note AMD has moved −22% (from $519). 12-month window: day 92 of 365, closes on August 5, 2027.
Track record
This callOpen: AMD has not reached $725 yet. This 12-month target is scored on July 14, 2027. Same target as this firm’s July 14, 2026 note, so it is scored there.
Firm track recordKeyBanc: 79% of its 24 targets at least a year old were reached within 12 months (#13 of 26 firms); on AMD, 2 of 2. Accuracy ranking →
KeyBanc on AMD
KeyBanc price targets on AMD
8 calls from November 5, 2025 to November 4, 2026. The target went from $270 to $725 (+169%). The rating moved from Hold to Buy.
- November 4, 2026Kept the $725 targetBuy$725
- August 5, 2026 This noteKept the $725 targetBuy$725
- July 14, 2026Target raised from $530 (+37%)Buy$725
- May 6, 2026Target raised from $300 (+77%)Buy$530
- February 4, 2026Target raised from $270 (+11%)Buy$300
- January 13, 2026Kept the $270 targetBuy$270
- January 13, 2026Upgraded to Buy, set a $270 targetBuy$270
- November 5, 2025Earliest call shownHoldNo target
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