Advanced Micro Devices (AMD) stock was down on Wednesday even after the semiconductor company received bullish coverage from a top analyst. Five-star Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating and $250 price target for AMD, suggesting a possible 5.03% upside for the chipmaker’s shares.
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Cassidy previously updated his coverage of AMD on Oct. 7, 2025. This was just one day after AMD announced a massive deal with ChatGPT maker OpenAI (PC:OPAIQ) to provide it with components for its AI services. That news kicked off a large array of analyst coverage and spurred a huge rally for AMD stock. Cassidy’s latest update shows that he continues to believe in AMD’s potential now that the hype around the OpenAI deal has died down.
Two other top analysts also reiterated ratings for AMD stock this week. Five-star Mizuho Securities analyst Vijay Rakesh maintained a Buy rating and increased his price target to $275 from $233.08, implying a 15.53% upside. Five-star Bernstein analyst Stacy Rasgon kept a Hold rating and a $200 price target, representing a 15.98% downside for the shares.
AMD Stock Movement Today
AMD stock was down 0.35% on Wednesday but remained up 96.76% year-to-date. The stock has also rallied 55.67% over the past 12 months. The increased demand for AI services has resulted in more need for server components made by AMD, helping boost the stock in 2025. This positive movement is likely to continue through the rest of the year.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 29 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $249.92, representing a potential 5% upside for the shares.
