RBC Capital reiterated a “Hold” rating on Advanced Micro Devices (NASDAQ: AMD) on Sunday, March 15, with an AMD stock price target of $230.
Assessing the chipmaker, the investment bank noted that the MI450 and Helio demand remains robust, adding that OpenAI and Meta (NASDAQ: META) volume in the second half of 2026 is likewise going to increase, which is notable considering AMD has no additional warrant-based agreements planned.
A day later, Wolfe Research reiterated its “Outperform” rating and $300 price target, noting that AMD has expressed caution regarding client and gaming segments due to RAM price hikes.
“In general, we think the company expressed some incremental caution with respect to client and gaming due to the widely anticipated impact from higher memory pricing. However, we also got the sense that server momentum continues to improve,” analyst Chris Caso wrote.
AMD outlook solid, analyst says
AMD also reported strong demand for customized versions of its MI400 and MI500 series GPUs and rack systems. For Meta specifically, the company plans to tailor MI400-series solutions with modifications to chiplet configuration and compute sled design, aiming to improve total cost of ownership.
“AMD also continues to express confidence in its roadmap and customer traction for AI accelerators, which is what is ultimately important for the stock,” Caso added.
At the same time, AI agents are driving a surge in CPU demand. As a result, many customers are building new, greenfield CPU-based data centers to support compute requirements, which the company expects will boost demand for both standard and dense CPU configurations.
AMD stock price target
Overall, Wall Street is bullish on AMD. A total of thirty analysts have collectively ranked AMD shares a “Moderate Buy” over the past ninety days, according to analyses available on TipRanks at press time.
The average AMD stock price target for the next twelve months sits at $285, as per the same data, suggesting an upside potential for nearly 45% from the current price of $197.
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