AMD stock price target raised to $300 from $240 at Baird on AI catalysts

Investing.com - Baird raised its price target on AMD (NASDAQ:AMD) to $300 from $240 while maintaining an Outperform rating on the stock. AMD currently trades at $250.05, near its 52-week high of $267.08, with a market capitalization of $405.79 billion and a P/E ratio of 151.2. According to InvestingPro data, the stock’s RSI suggests it is in overbought territory.

The research firm cited several potential catalysts ahead for the chipmaker, including AMD’s upcoming financial analyst day where the company could raise its artificial intelligence total addressable market (TAM) estimate.

Baird also highlighted the anticipated ramp of AMD’s Mi450 product in the second half of 2026 as another key growth driver for the company.

The firm noted that a potential resumption of Mi308 shipments would bring "material upside" to AMD, though it currently lacks visibility on this possibility.

Baird forecasts $12 in earnings per share for AMD by 2028, which it says does not fully account for the OpenAI ramp, suggesting "meaningful upside in the stock from current levels" with a focus on execution.

In other recent news, Advanced Micro Devices Inc. (AMD) reported impressive third-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved a record revenue of $9.2 billion and an earnings per share (EPS) of $1.20. These results indicate strong performance, although the market reacted with caution over future growth prospects. Stifel has responded by raising its price target for AMD to $280 from $240, maintaining a Buy rating. Analyst Ruben Roy from Stifel highlighted that AMD’s near-term success is largely driven by growing demand for server CPUs and gains in client CPU market share. The firm’s analysis suggests that these factors are currently more influential than data center AI GPUs. Despite the positive financial results and outlook, the market’s reaction reflects some investor uncertainty. These developments underscore the ongoing interest and analysis surrounding AMD’s future performance.

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