Advanced Micro Devices (AMD) stock fell on Tuesday after the semiconductor company received lukewarm coverage from a top analyst. Five-star Morgan Stanley analyst Joseph Moore reiterated a Hold rating and a $246 price target for AMD stock, representing a potential 0.85% downside for the company’s shares.
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AMD shareholders will note that Moore’s coverage of the company’s stock comes ahead of its earnings report later today. AMD is set to report results for the third quarter of 2025 after markets close today. While the Morgan Stanley analyst expects AMD to perform well in its earnings report, he doesn’t anticipate near-term upside for GPU growth. This is important as AMD wants to expand its position in the AI GPU sector with the launch of its MI450 card next year.
Investors awaiting the AMD earnings report later today should prepare with the latest estimates. Wall Street expects the company to report adjusted earnings per share of $1.17 alongside revenue of $8.76 billion. AMD is likely to match or beat these estimates, based on its earnings history over the past eight quarters. It has beaten EPS estimates six of those times and revenue estimates seven of them.
AMD Stock Movement Today
AMD stock was down 1.62% on Tuesday but was still up 111.47% year-to-date. The stock has also increased 83.29% over the past 12 months. Increased demand during the AI boom has been a significant benefit to AMD stock in 2025.
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 $252.42, representing a potential 1.25% downside for the shares.
