WS Investor
25 Aug 2026, 16:48
AMD Upgraded to Strong Buy at Raymond James as Price Target Jumps to $641
Advanced Micro Devices (NASDAQ: AMD) received a bullish analyst upgrade Tuesday, with Raymond James raising its rating to Strong Buy from Outperform and lifting its price target to $641 from $565.
Analyst Simon Leopold's new target represents substantial upside from AMD's recent price of about $477.14.
Why the Upgrade Matters
The upgrade reinforces optimism around AMD's position in the rapidly expanding AI and data-center semiconductor market.
AMD has become one of the most important challengers to Nvidia in AI accelerators, while also maintaining a strong presence in server CPUs through its EPYC product line. The company's growing exposure to hyperscale data centers, enterprise AI infrastructure and next-generation computing gives it significant leverage to continued AI capital spending.
The higher price target suggests Raymond James sees stronger long-term earnings potential as AMD expands its AI product portfolio and competes for a larger share of accelerator and data-center spending.
The shift from Outperform to Strong Buy is also notable because it signals increased conviction rather than simply maintaining an already-positive stance.
Investors will now focus on AMD's AI accelerator shipments, data-center revenue growth, margins and its ability to gain market share as the global AI infrastructure buildout continues.
Advanced Micro Devices (NASDAQ: AMD) received a bullish analyst upgrade Tuesday, with Raymond James raising its rating to Strong Buy from Outperform and lifting its price target to $641 from $565.
Analyst Simon Leopold's new target represents substantial upside from AMD's recent price of about $477.14.
Why the Upgrade Matters
The upgrade reinforces optimism around AMD's position in the rapidly expanding AI and data-center semiconductor market.
AMD has become one of the most important challengers to Nvidia in AI accelerators, while also maintaining a strong presence in server CPUs through its EPYC product line. The company's growing exposure to hyperscale data centers, enterprise AI infrastructure and next-generation computing gives it significant leverage to continued AI capital spending.
The higher price target suggests Raymond James sees stronger long-term earnings potential as AMD expands its AI product portfolio and competes for a larger share of accelerator and data-center spending.
The shift from Outperform to Strong Buy is also notable because it signals increased conviction rather than simply maintaining an already-positive stance.
Investors will now focus on AMD's AI accelerator shipments, data-center revenue growth, margins and its ability to gain market share as the global AI infrastructure buildout continues.
