Citi AMD

Citi Reiterates Buy on AMD, $575 Price Target

Analyst: Atif Malik 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$575
Unchanged
Outcome
Reached
on September 21, 2026
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What the analyst said

Citi analyst Atif Malik reiterated a Buy rating and $575 price target on Advanced Micro Devices (NASDAQ: AMD), following meetings with AMD’s CFO Jean Hu and Head of Investor Relations Matt Ramsay at Citi’s Global TMT Conference.

According to the analyst’s notes, AMD updated its total addressable market estimate to $2 trillion by 2030 and said its data center business is expected to more than double next year.

The company’s MI450 product is set to launch in the current quarter, with a ramp planned for the fourth quarter and into next year.

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 $449. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $575 target is 12% below the median.

Since the note AMD has moved −6% (from $478). 12-month window: day 59 of 365, closes on September 8, 2027.

Track record

This call✓ Target reached on September 21, 2026, 13 days after the note.

Firm track recordCiti: 88% of its 41 targets at least a year old were reached within 12 months (#3 of 26 firms); on AMD, 6 of 6. Accuracy ranking →

Citi on AMD

Citi price targets on AMD

8 calls from October 7, 2025 to October 6, 2026. The target went from $215 to $800 (+272%). The rating moved from Hold to Buy.

Citi targetAMD share price
  1. October 6, 2026Target raised from $575 (+39%)Buy$800
  2. September 8, 2026 This noteKept the $575 targetBuy$575
  3. June 12, 2026Kept the $575 targetBuy$575
  4. June 12, 2026Upgraded to Buy, target raised from $460 (+25%)Buy$575
  5. May 18, 2026Target raised from $248 (+85%)Hold$460
  6. April 6, 2026Target cut from $260 (−5%)Hold$248
  7. November 5, 2025Target raised from $215 (+21%)Hold$260
  8. October 7, 2025Earliest call shownHold$215
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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.