Raymond James AMD

Raymond James Raises AMD Price Target to $649

Analyst: Simon Leopold 1 min read Reproduced verbatim
Rating
Strong Buy
Target
$649
from $641 (+1%)
Upside
+34%
AMD at $484 today
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What the analyst said

Raymond James analyst Simon Leopold raised the price target on AMD (NASDAQ: AMD) to $649 (from $641) while maintaining a Strong Buy rating.

“We maintain our Strong Buy rating on Advanced Micro Devices (AMD) following a strong 3Q26 beat and higher 4Q26 and FY2027 guidance; shares were indicated up ~8% after-hours.

Data Center upside is driven by server revenue that is now expected to double in 2027, up from prior expectations for +70% growth.

Like Intel, AMD’s Client segment is expected to decline double digits in FY2027, but the higher server outlook and continued momentum with GPUs more than offset this and implies AMD continues to gain server share.

Although supply chain shortages remain a risk, management notes it can mitigate this by shifting components between Client and Servers. Our price target goes to $649.”

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 $649 target is 4% below 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 recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Raymond James on AMD

Raymond James price targets on AMD

5 calls from February 5, 2025 to November 4, 2026. The target went from $150 to $649 (+333%). The rating stayed Buy.

Raymond James targetAMD share price
  1. November 4, 2026 This noteTarget raised from $641 (+1%)Buy$649
  2. August 25, 2026Target raised from $365 (+76%)Buy$641
  3. February 4, 2026Target raised from $337 (+8%)Buy$365
  4. November 20, 2025Target raised from $150 (+125%)Buy$337
  5. February 5, 2025Earliest call shownBuy$150
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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.