Melius Research AMD

Melius Research Raises AMD Price Target to $650

Analyst: Ben Reitzes 1 min read Reproduced verbatim
Rating
Buy
Target
$650
from $600 (+8%)
Upside
+34%
AMD at $484 today
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What the analyst said

Melius analyst Ben Reitzes raised the price target on AMD (NASDAQ: AMD) to $650 (from $600) while maintaining a Buy rating.

“Bottom Line: AMD probably has some cushion here even vs. raised guidance, since it has share upside in servers for at least a few more quarters.

While most think the real risk is its execution in GPUs, that seems to be going well so far and the rise of SpaceX with Nvidia actually creates more runway in the market for AMD.

We raise our estimates for 2026, 2027 and 2028 by 6%, 16% and 26%, respectively, due to higher Data Center growth. Maintain buy and target is now $650 (was $600).”

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 $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 $650 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 recordMelius Research: 67% of its 9 targets at least a year old were reached within 12 months; on AMD, 3 of 3. Accuracy ranking →

Melius Research on AMD

Melius Research price targets on AMD

6 calls from January 28, 2025 to November 4, 2026. The target went from $129 to $650 (+404%). The rating moved from Hold to Buy.

Melius Research targetAMD share price
  1. November 4, 2026 This noteTarget cut from $660 (−2%)Buy$650
  2. July 24, 2026Target raised from $380 (+74%)Buy$660
  3. November 12, 2025Target raised from $175 (+117%)Buy$380
  4. June 23, 2025Upgraded to Buy, target raised from $120 (+46%)Buy$175
  5. February 5, 2025Target cut from $129 (−7%)Hold$120
  6. January 28, 2025Earliest call shownHold$129
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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 SusquehannaBuy Kept rating and price target Nov 4 $650maintained William BlairHold Kept rating Nov 4
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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.