As evidenced by the vast majority of revisions issued in June, Wall Street analysts’ confidence in the continued success of Advanced Micro Devices (NASDAQ: AMD) in the coming 12 months is only growing.
Specifically, out of the five notable notes provided since the month started, only one rated AMD stock as a ‘Hold’ and none issued a ‘Sell’ recommendation. The most recent revision – provided by DBS’ Amanda Tan on June 9 – was the second most bullish in the last 11 days.
Indeed, the expert rated the semiconductor equity as a ‘Buy’ while increasing the 12-month price target from $500 to $570.
Meanwhile, the first revision of the month simultaneously provided the new Street high for AMD stock as Barclays’ Thomas O’Malley replaced the previous $500 forecast with an estimate that the chipmaker will rally 44.36% from $460.64 at press time on June 11 to $665 sometime in the first half of 2027.
Furthermore, Bernstein’s Stacy Rasgon offered a relatively conservative $525 12-month price target on June 8, while Joshua Buchalter, an analyst from TD Cowen, predicted a more bullish $600 stock price three days earlier. Both Wall Street experts consider AMD shares a ‘Buy.’
Finally, RBC Capital analyst Srini Pajjuri offered the singular June ‘Hold’ rating on the third day of the month despite raising the price target from $400 to a significantly higher $540.
2026 AMD stock price chart
Elsewhere, despite the steep 15% decline from the June 3 closing highs at $542.52, AMD stock remains one of the best-performing major companies in the American markets.
Advanced Micro Devices soared 115.09% to $460.64 from its levels at the end of 2025, meaning the blue-chip chipmaker added nearly $400 billion to its market capitalization in reaching its $738.68 billion valuation at the most recent close.
Key AMD stock June tailwinds and headwinds
Similarly, the early June downturn is not necessarily indicative of more long-term issues for the company, as the overall stock market has been suffering from a rapid succession of headwind-generating news.
At the same time as the now imminent – scheduled for Friday, June 12 – SpaceX initial public offering (IPO) is drawing significant capital, the debate over the costs of artificial intelligence (AI) and the associated return on investment (ROI) began sapping confidence in big tech.
Externally, the latest round of escalation between the U.S. and Iran also helped bring back into focus the matter of global oil supply at a particularly damaging moment, given that Exxon Mobil (NYSE: XOM) recently warned its stockpiles were approaching critical lows.
Looking at Advanced Micro Devices specifically, it recently helped generate a bullish headline as, on May 27, it participated in Tensormesh’s successful $20 million raise.
The company – focused on helping companies overcome AI inference-related roadblocks – was also backed by AMD competitor and the biggest company in the world, Nvidia (NASDAQ: NVDA), signaling CEO Lisa Su’s firm secured a spot in a partnership critical for the broader technology sector.
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