On July 6, James Schneider, an analyst at Goldman Sachs, updated his price forecast for Advanced Micro Devices (AMD), increasing the target from $450 to $640 for the next 12 months. The new target reflects the current trading price of $559.85 and aligns with the overall positive sentiment on Wall Street.
Schneider maintained a 'Buy' rating on AMD, indicating confidence in the company's growth potential amid the evolving artificial intelligence (AI) landscape. The increased price target can be attributed to anticipated boosts from agentic AI as well as sustained demand for data center GPUs.
Wall Street Consensus on AMD
The updated target is not isolated; it resonates with the broader consensus among analysts regarding AMD's stock outlook. A recent analysis from TipRanks indicates that 28 out of 35 analysts who provided insights in the last three months view AMD as a 'Strong Buy'. However, an overall average price target suggests a cautionary outlook, predicting a potential decline of 8% to approximately $515.69 within the next year.
AMD's Year-to-Date Performance
AMD has emerged as one of the top-performing stocks in the U.S. market in 2026, boasting a year-to-date increase of 150.53%. As of the latest data, the stock is up 14.18% over the past month, even amid a general slowdown in the tech industry.
Despite the remarkable rally this year, AMD is not the highest-performing semiconductor company Intel, under the Trump administration's backing, has seen its shares surge by 218.55% since January 2. CEO Lisa Su continues to lead AMD during a transformative period for the company and the semiconductor sector overall.
