Goldman Sachs AMD

Goldman Sachs Lowers AMD Price Target to $675

Analyst: James Schneider 1 min read Reproduced verbatim
Rating
Buy
Target
$675
from $700 (−4%)
Upside
+39%
AMD at $484 today
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What the analyst said

Goldman Sachs analyst James Schneider lowered the price target on AMD (NASDAQ: AMD) to $675 (from $700) while maintaining a Buy rating.

“We expect the stock to trade higher following stronger results and guidance which we believe supports our bullish revenue growth outlook for AMD through 2027.

We believe investor expectations had been lowered significantly following Intel’s weak guidance last week, despite a constructive view on AMD’s overall momentum.

Management delivered very strong Datacenter segment growth in the quarter across both server CPUs and GPU – and the company has line of sight to over 80% revenue growth at the company level in 2027 despite headwinds in the PC market.

We also believe AMD’s gross margin guidance of 55% was particularly encouraging in light of the very strong GPU ramp in 4Q – and we expect the company to hold these margin levels as server CPU tailwinds offset headwinds from the GPU ramp.

We reiterate our Buy rating on AMD, as we see the company well positioned to capture an increasing share of overall compute market, driven by an already strong presence in the CPU market and a broadening aperture of key customers in the AI accelerator market.”

Disclaimer
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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 $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 $675 target is in line with 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 recordGoldman Sachs: 78% of its 36 targets at least a year old were reached within 12 months (#16 of 26 firms); on AMD, 3 of 3. Accuracy ranking →

Goldman Sachs on AMD

Goldman Sachs price targets on AMD

8 calls from February 4, 2026 to November 4, 2026. The target went from $210 to $675 (+221%). The rating moved from Hold to Buy.

Goldman Sachs targetAMD share price
  1. November 4, 2026 This noteTarget cut from $700 (−4%)Buy$675
  2. November 3, 2026Target raised from $640 (+9%)Buy$700
  3. July 6, 2026Target raised from $450 (+42%)Buy$640
  4. May 6, 2026Kept the $450 targetBuy$450
  5. May 6, 2026Upgraded to Buy, target raised from $240 (+88%)Buy$450
  6. February 25, 2026Target raised from $210 (+14%)Hold$240
  7. February 4, 2026Kept the $210 targetHold$210
  8. February 4, 2026Earliest call shownHold$210
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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.