What the analyst said
Stifel analyst Ruben Roy raised the price target on AMD (NASDAQ: AMD) to $725 (from $700) while maintaining a Buy rating.
“AMD delivered a F3Q26 beat-and-raise and, more importantly, a materially stronger 2027 framework.
3Q revenue of $13,377mn (+45% y/y, +16% q/q) came in above the high end of guidance and ~2% above $13,058mn Street, with adj-EPS of $2.09 vs. $1.93 consensus on adj GM of 56% (+190bps y/y) and adj-OM of 29% (+510bps y/y), buffered by opex ~$90mn below guidance.
Data Center revenue of $8.5bn (+97% y/y) reached 64% of revenue, with server cloud and enterprise sales each more than doubling y/y and the first MI450/Helios revenue contributing in the quarter.
4Q is guided to ~$17.0bn (+66% y/y, +27% q/q) on ~50% sequential Data Center growth, with Data Center AI surpassing server for the first time.
Management now expects 2027 revenue to grow more than 80%, with server roughly doubling and Data Center AI more than doubling. We raise estimates reiterate and our Buy rating.”
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Where the price stands
AMD trades at $484. The 25 analysts who set a target in the last 3 months range from $510 to $1,250, with a median of $675. This $725 target is 7% above the median.
12-month window: day 0 of 365, closes on November 4, 2027.
Track record
This callOpen: a 12-month target, scored on November 4, 2027, a year after the note.
Firm track recordStifel: 83% of its 41 targets at least a year old were reached within 12 months (#5 of 26 firms); on AMD, 3 of 3. Accuracy ranking →
Stifel on AMD
Stifel price targets on AMD
8 calls from April 20, 2026 to November 4, 2026. The target went from $320 to $725 (+127%). The rating stayed Buy.
- November 4, 2026 This noteTarget raised from $700 (+4%)Buy$725
- October 5, 2026Target raised from $635 (+10%)Buy$700
- September 11, 2026Kept the $635 targetBuy$635
- August 5, 2026Kept the $635 targetBuy$635
- July 24, 2026Kept the $635 targetBuy$635
- July 10, 2026Target raised from $450 (+41%)Buy$635
- May 6, 2026Target raised from $320 (+41%)Buy$450
- April 20, 2026Earliest call shownBuy$320
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