Wall Street Raises AMD Stock Target To $620 Ahead Of Earnings

Susquehanna’s Christopher Rolland is the latest Wall Street analyst to raise Advanced Micro Devices, Inc (AMD) stock price target. Rolland raised the firm’s expectations to $620, up from its previous target of $550. The latest projections show an upside of 12.17%. Citi’s Atif Malik also recently raised the bank’s target for AMD from $575 to $800, one of the most bullish outlooks right now. The stock price target revision comes days ahead of the company’s next quarterly earnings report, due on Tuesday, November 3, 2026.

Will AMD Deliver On Increased Stock Price Targets?

AMD has delivered stellar results over the last several quarters. The company’s stock price has risen by more than 140% in the last year, outperforming industry giants, such as Nvidia (NVDA). Rolland anticipates the trend to continue over the next few quarters.

AMD’s Helios chips are expected to play a big role in increased revenue. Although 2nd quarter revenue was higher than expected, many anticipated the Helios chips to contribute higher figures. However, many analysts anticipate the Helios rack sales to show up in the 3rd quarter earnings report.

Are There Any Risks?

The AI and semiconductor sectors have seen incredible growth over the last few years. The trend is unlikely to change given the growing demand for AI chips and data centers. Some have even compared the current craze for data centers to that of real estate. AMD is following the ongoing trend, delivering stellar returns to shareholders.

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However, there are some risks that you should be aware of. Firstly, the rising cost of consumer electronics has caused substantial worry among buyers. Secondly, AMD and other rivals are at risk from a potential AI bubble. Many believe that the data center business is not sustainable, especially at its current pace. If a bubble were to burst, AMD shares would take a massive hit.