AMD price target raised to $300 from $250 at Roth/MKM on strong growth

Investing.com - Roth/MKM has raised its price target on AMD (NASDAQ:AMD) to $300 from $250 while maintaining a Buy rating following the company’s third-quarter results. The new target represents a 20% upside from AMD’s current trading price of $250.05, with the stock hovering near its 52-week high of $267.08.

AMD reported strong revenue growth for the third quarter of 2025 that exceeded consensus expectations, according to Roth/MKM. The company’s 27.17% revenue growth over the last twelve months reflects its strengthening market position. The chipmaker also provided fourth-quarter guidance above consensus, despite excluding revenue from China-specific MI308 products.

Roth/MKM noted that AMD is gaining "broad traction with large hyperscale customers" and is well-positioned to benefit from accelerating demand for its central processing units (CPUs).

The firm highlighted AMD’s potential to capitalize on Instinct GPU upgrade cycles as another growth driver for the company. The shift toward sales of rack-scale systems, such as Helios, was also cited as a positive factor in the analyst’s assessment.

The price target increase represents a $50 boost from Roth/MKM’s previous target of $250, reflecting the firm’s continued confidence in AMD’s market position and growth trajectory.

In other recent news, Advanced Micro Devices (AMD) reported its third-quarter 2025 earnings, surpassing Wall Street expectations with a record revenue of $9.2 billion and an earnings per share of $1.20. Despite these strong results, the market reaction indicated investor concerns over future growth prospects. Following these results, Stifel raised its price target for AMD to $280 from $240, maintaining a Buy rating. The firm cited AMD’s strong third-quarter performance and optimistic fourth-quarter outlook, driven by increased demand for server CPUs and market share gains in client CPUs.

Additionally, Baird increased its price target to $300 from $240, maintaining an Outperform rating, and highlighted potential catalysts such as AMD’s upcoming financial analyst day. Jefferies also reiterated a Buy rating with a $300 price target, emphasizing the significant growth in AMD’s server CPU segment due to rising artificial intelligence demand. These developments reflect positive analyst sentiment regarding AMD’s future performance amid evolving market dynamics.

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