On Monday, BNP Paribas raised its price target for AMD by 60%, to $960. The firm cited AI-driven strength in the CPU market.
Stifel raised its target from $635 to $700 and maintained a Buy rating.
Cantor Fitzgerald reiterated its Overweight rating and $700 price target. It said AMD’s upcoming earnings report could be a catalyst if fourth-quarter guidance points to higher-than-expected shipments of its Helios AI accelerators.
The analyst moves reflect growing confidence in AMD’s position in the expanding AI infrastructure market.