Wedbush raises AMD stock price target to $290 from $270 on growth outlook

Investing.com - Wedbush has raised its price target on Advanced Micro Devices (NASDAQ:AMD) to $290 from $270 while maintaining an Outperform rating on the semiconductor company’s shares. AMD currently trades at $250.05, with analyst targets ranging from $134.20 to $350, according to InvestingPro data.

The adjustment represents a $20 increase from the firm’s previous valuation, reflecting continued confidence in AMD’s growth trajectory. This optimism aligns with AMD’s impressive revenue growth of 27.17% over the last twelve months.

Wedbush’s updated target is based on applying a price-to-earnings multiple of approximately 30 times to its fiscal year 2027 earnings per share estimate, plus net cash.

The research firm noted that this multiple is "close to the peak" it has historically used when valuing AMD during periods of elevated growth.

Wedbush analyst Matt Bryson characterized the price target increase as a slight lift, suggesting measured optimism about AMD’s future performance in the competitive semiconductor market. AMD has delivered remarkable returns of 148.58% over the past six months and 107.01% year-to-date. For deeper insights and 22 additional ProTips on AMD, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, AMD’s third-quarter 2025 results surpassed expectations, with revenue exceeding consensus estimates by 5.6% and earnings per share coming in 2% above projections. Following these results, several analyst firms have adjusted their price targets for AMD. Evercore ISI raised its target to $270, maintaining an Outperform rating, while Loop Capital increased its target to $290, citing better-than-expected second-half fiscal 2025 results and guidance. Piper Sandler also raised its price target to $280, highlighting AMD’s strong performance in the data center segment, which grew 22% year-over-year. UBS set a new price target of $300, maintaining a Buy rating and advising against selling before AMD’s upcoming analyst day. Morgan Stanley adjusted its target to $260, noting the anticipated insights from the company’s analyst day. These developments reflect positive analyst sentiment following AMD’s recent earnings and strategic wins.

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