Advanced Micro Devices (AMD) stock rallied on Monday after the company received updated coverage from KGI Securities’ analysts. The firm’s analysts upgraded AMD stock to an Outperform rating from a Neutral rating and increased its price target to $260 from $150, representing a potential 17.44% upside for the shares.
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KGI Securities isn’t the only analytical firm that has weighed in on AMD stock today. The company also received updated coverage from analysts at Bank of America and Mizuho.
- Five-star Bank of America analyst Vivek Arya reiterated a Buy rating for AMD stock but didn’t provide a price target.
- Five-star Mizuho analyst Vijay Rakesh also reiterated an Outperform rating for AMD shares and increased his price target to $275 from $205, suggesting a possible 24.22% upside for the stock.
AMD stock caught the interest of analysts after it announced a partnership with ChatGPT maker OpenAI (PC:OPAIQ) last week. It isn’t the only company to have done so. Rival GPU maker Nvidia (NVDA) signed a similar agreement. Broadcom (AVGO) joined the list of companies that have signed deals with OpenAI in an announcement this morning.
AMD Stock Movement Today
AMD stock was up 2.18% on Monday, extending an 81.74% year-to-date rally. The shares have also soared 30.03% over the past 12 months. Much of AMD’s positive momentum in 2025 came from the AI boom. The demand for its products has boosted investor morale and resulted in bullish analyst coverage.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 27 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $241.82, representing a potential 10.15% upside for the shares.
