Advanced Micro Devices (NASDAQ:AMD) Stock Price Target Raised at Piper Sandler

Posted by Brian Himes on Nov 4th, 2026

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) had its target price upped by equities researchers at Piper Sandler from $600.00 to $650.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler‘s price objective would indicate a potential upside of 33.92% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Saturday. Roth Capital boosted their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Melius Research set a $650.00 target price on Advanced Micro Devices in a research note on Wednesday. Finally, BMO Capital Markets started coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $618.62.

Check Out Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $1.47 during trading on Wednesday, reaching $485.37. The company’s stock had a trading volume of 33,579,294 shares, compared to its average volume of 31,704,236. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a fifty day moving average of $548.70 and a 200 day moving average of $411.73. The stock has a market capitalization of $792.36 billion, a PE ratio of 125.27, a P/E/G ratio of 4.79 and a beta of 2.49. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. Analysts expect that Advanced Micro Devices will post 6.50 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock valued at $114,867,400 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DecisionPoint Financial LLC grew its stake in Advanced Micro Devices by 79.2% during the third quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in Advanced Micro Devices in the third quarter worth approximately $29,000. JNBA Financial Advisors lifted its stake in Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 30 shares during the period. Downshift Financial LLC lifted its stake in Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 51 shares during the period. Finally, Sawyer & Company Inc acquired a new position in Advanced Micro Devices in the third quarter valued at approximately $37,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AMD beat third-quarter earnings and revenue estimates, with revenue up about 45% year over year. Data Center revenue nearly doubled, rising 97% to $8.55 billion, on strong demand for Instinct GPUs and EPYC processors. Reuters article
Positive Sentiment: The outlook was a key catalyst: AMD forecast fourth-quarter revenue of about $17 billion, above expectations, and CEO Lisa Su pointed to more than 80% revenue growth in 2027, with AI Data Center revenue expected to more than double. The forecast has helped ease concerns about the durability of AI-chip spending. Zacks article
Positive Sentiment: Several analysts reiterated bullish ratings or raised price targets after results, including Wedbush and DA Davidson at $600 and Cantor Fitzgerald and Rosenblatt at $700, reinforcing expectations for further AI-related growth. Benzinga article
Neutral Sentiment: AMD’s strong results initially lifted shares after hours, but the stock has since been largely flat to slightly weaker as investors assess whether its ambitious growth targets can be delivered. TipRanks article
Negative Sentiment: Bearish considerations include tight high-bandwidth-memory supply and substantial investment needs: reports flagged inventory buildup and weaker free cash flow relative to revenue. AMD’s lofty valuation also leaves less room for execution or growth to disappoint. Article on AMD cash flow

About Advanced Micro Devices

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Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.