AMD Stock Surges on a Slew of Analyst Updates This Week

Advanced Micro Devices (AMD) stock has been a hot topic this week after the semiconductor company announced a new collaboration with ChatGPT maker OpenAI (PC:OPAIQ). This has spurred a slew of top analysts to update their coverage of AMD stock.

Let’s get into all of the updated ratings and price targets AMD stock has received from analysts so far this week:

• Evercore ISI analyst Mark Lipacis reiterated a Buy rating and increased his price target to $240 from $188.
• Mizuho Securities analyst Vijay Rakesh maintained a Buy rating and $205 price target.
• Truist Financial analyst William Stein kept a Buy rating and raised his price target to $273 from $213.
• Stifel Nicolaus analyst Ruben Roy reiterated a Buy rating and boosted his price target to $240 from $190.
• Roth MKM analyst Sujeeva De Silva maintained a Buy rating and increased his price target to $250 from $200.
• Cantor Fitzgerald analyst C J Muse kept a Buy rating and raised his price target to $275 from $200.
• UBS analyst Timothy Arcuri reiterated a Buy rating and boosted his price target to $265 from $210.
• KeyBanc analyst John Vinh maintained a Hold rating and $160 price target.
• Bank of America Securities analyst Vivek Arya kept a Buy rating and increased his price target to $250 from $200.
• Barclays analyst Thomas O’Malley reiterated a Buy rating and raised his price target to $300 from $200.
• CFRA analyst Angelo Zino maintained a Buy rating and boosted his price target to $250 from $200.
• Melius Research analyst Ben Reitzes kept a Buy rating and increased his price target to $300 from $200.
• Deutsche Bank analyst Ross Seymore reiterated a Hold rating and raised his price target to $200 from $150.
• Oppenheimer analyst Rick Schafer maintained a Hold rating with no price target.
• Wells Fargo analyst Aaron Rakers kept a Buy rating and boosted his price target to $275 from $185.
• Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating and increased his price target to $250 from $200.
• Piper Sandler analyst Harsh Kumar maintained a Buy rating and raised his price target to $240 from $190.
• Jefferies analyst Blayne Curtis upgraded AMD stock to a Buy rating and boosted his price target to $300 from $170.
• Morgan Stanley analyst Joseph Moore kept a Hold rating and increased his price target to $246 from $168.
• Benchmark Co. analyst Cody Acree reiterated a Buy rating and raised his price target to $270 from $210.
• Bernstein analyst Stacy Rasgon maintained a Hold rating and boosted his price target to $200 from $140.
• Robert W. Baird analyst Tristan Gerra kept a Buy rating and increased his price target to $240 from $175.
• Citi analyst Christopher Danely reiterated a Hold rating and raised his price target to $215 from $180.
• DBS analyst Amanda Tan upgraded AMD stock to a Buy rating and boosted her price target to $260 from $155.
• Goldman Sachs analyst James Schneider maintained a Hold rating and increased his price target to $210 from $150.
• DZ BANK AG analyst Ingo Wermann upgraded AMD stock to a Buy rating and raised his price target to $250 from $165.

AMD Stock Movement Today

Investors will note that AMD stock has also rallied throughout the week alongside the OpenAI news and analyst updates. AMD shares were up 36.4% since Monday, have gained 85.73% year-to-date, and have increased 23.68% over the past 12 months. That positive movement continued today with a 6.1% jump for AMD stock.

AMD stock has also experienced heightened trading activity this week. That’s still true today with some 54.22 million shares traded as of this writing, compared to the stock’s three-month daily average of about 43.22 million units.

Is AMD Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 25 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $236.31, representing a potential 5.23% upside for the shares.

See more AMD stock analyst updates