Bank of America Raises AMD Price Target to $300, Highlights AI Growth Catalysts
Bank of America analysts have increased their price target for Advanced Micro Devices (AMD) to $300 from $250, maintaining a Buy rating. The upgrade reflects confidence in AMD's positioning across multi-billion-dollar markets including PC, server, gaming, and DEEP learning, where the company currently holds less than 30% market share.
Key drivers include the anticipated launch of AMD's MI450 Series 'Helios' racks in the second half of 2026, with backing from major clients like Oracle, Meta, and OpenAI. The firm specifically flagged November 11 as a critical date, citing an upcoming Analyst Day in New York as the next major catalyst for the stock.
The revised valuation is based on a 33x CY27E PE multiple, well within AMD's historical trading range. Recent deals with OpenAI—which plans to deploy 6 gigawatts of AMD GPUs—have further bolstered bullish sentiment among analysts.
