Despite remaining effectively flat since June started, Advanced Micro Devices (NASDAQ: AMD) stock has been enjoying a large number of bullish Wall Street analyst revisions in recent weeks.
The most recent institutional expert to weigh in with an optimistic assessment was UBS’ Timothy Arcuri, who, on June 24, assigned a ‘Buy’ rating to AMD shares while lifting the 12-month price target from $455 to $670.
According to the accompanying note, the analyst is particularly positive toward the semiconductor giant’s ability to capture the standalone central processing unit (CPU) market – a growing business given its rising importance in agentic artificial intelligence (AI) workloads.
Arcuri also noted that AMD stands to benefit from recent developments at Intel (NASDAQ: INTC), with a particular focus on the firm’s roadmap and supply challenges.
Wall Street sets AMD stock price target for next 12 months
Zooming out, Wall Street’s optimism for Advanced Micro Devices’ future has been overwhelming since June started.
Indeed, eight out of the nine notable revisions issued during the month feature a ‘Buy’ recommendation, with only Srini Pajjuri from RBC Capital assessing the blue-chip chipmaker as a ‘Hold.’
Similarly, while the majority of the stock price forecasts have been bullish, Wells Fargo’s (NYSE: WFC) Aaron Rakers estimated AMD shares would retrace slightly to $505 despite estimating the equity is a ‘Buy.’
2026 AMD stock price
Meanwhile, Advanced Micro Devices has been suffering from heightened volatility in recent weeks and is, having risen to $511.70 at press time, up just 0.3% since June 1.
The slowdown came amidst wider turmoil in the financial markets as geopolitical uncertainty, a debate over the return on investment (ROI) from AI, and the drive to raise capital ahead of SpaceX’s (NASDAQ: SPCX) June 12 initial public offering (IPO) pressured investors.
Nonetheless, AMD remains a major winner of 2026 trading, and its shares are up 128.98% year-to-date (YTD).
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