Wall Street analyst updates AMD stock price target

Following Advanced Micro Devices (NASDAQ: AMD) remarkable 30-day run in the stock market, Wall Street analysts at Bernstein elected to raise their 12-month price target for the semiconductor company.

Specifically, after factoring in strong server and weaker PC demand, Bernstein’s Stacy Rasgon decided to raise the AMD forecast from $235 to $265. The change means that, instead of predicting a 9% correction down from the chipmaker’s press time price of $258.37, the analyst now forecasts a 2.57% rally.

Additionally, despite also raising the expectation for first-quarter (Q1) revenue from $9.8 to $9.9 billion and earnings per share (EPS) from $1.25 to $1.27, Bernstein’s Rasgon kept the previous ‘market perform’ – ‘Hold’ – rating.

AMD stock soars more than 30% in 30 days

The latest Wall Street analyst AMD stock price target revision came after the blue-chip semiconductor giant recorded a remarkable 30-day run in the market. Specifically, Advanced Micro Devices shares rallied 31.61% in the last month and are, at press time on April 16, changing hands at $258.37.

The upsurge, paired with performance earlier in 2026, means that AMD rose more since the year started – nearly 21% – than its bigger rival, Nvidia (NASDAQ: NVDA), which is up approximately 6%.

Wall Street sets AMD stock price target for next 12 months

Meanwhile, rating and price target data Finbold retrieved from the stock analysis platform TipRanks on April 16 indicate that Advanced Micro Devices’ success in the equity markets is yet to truly translate into institutional confidence.

Overall, AMD boasts a ‘Moderate Buy’ rating when the revisions made in the last three months are accounted for, and 20 ‘Buy’ and 8 ‘Hold’ ratings in total. No analyst has rated the semiconductor stock as a ‘Sell’ since January 16.

The moderate optimism is also reflected in the average price target for the next 12 months, as Advanced Micro Devices stock is expected to rally 10.67% to $285.67.

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