AMD trades 15.7% above Wall Street's consensus target of $452.91.
Last 12 months price action with 12-month analyst target path
The base valuation assumes AMD achieves its forward estimates and maintains a stable P/E multiple of 72.0x. This scenario reflects the blended consensus of 70 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, Advanced Micro Devices, Inc. (AMD) has a Wall Street consensus price target of $452.91, based on estimates from 70 covering analysts. With the stock currently trading at $537.37, this represents a potential downside of -15.7%. The company has a market capitalization of $876.10B.
Analyst price targets range from a low of $260.00 to a high of $665.00, representing a 89% spread in expectations. The median target of $450.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 50 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, AMD trades at a trailing P/E of 202.8x and forward P/E of 72.0x. The forward PEG ratio of 13.93 reflects a premium valuation. Analysts expect EPS to grow +146.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $273.22, with bear and bull scenarios of $172.12 and $359.99 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
INTCIntel Corporation | $672.8B | $133.99 | $89.08 | -33.5% | Hold | 123.6x | 84 |
NVDANVIDIA Corporation | $5.1T | $210.69 | $316.79 | +50.4% | Buy | 23.6x | 79 |
QCOMQUALCOMM Incorporated | $238.3B | $226.11 | $191.05 | -15.5% | Hold | 21.1x | 69 |
ARMArm Holdings plc American Depositary Shares | $467.6B | $439.46 | $271.00 | -38.3% | Buy | 202.1x | 27 |
MRVLMarvell Technology, Inc. | $271.7B | $310.58 | $241.46 | -22.3% | Buy | 76.8x | 73 |
AVGOBroadcom Inc. | $2.0T | $411.35 | $498.19 | +21.1% | Buy | 35.5x | 58 |
TXNTexas Instruments Incorporated | $294.0B | $322.86 | $274.06 | -15.1% | Buy | 41.9x | 65 |
MUMicron Technology, Inc. | $1.3T | $1133.99 | $1092.05 | -3.7% | Buy | 18.4x | 70 |
AMATApplied Materials, Inc. | $490.0B | $617.11 | $533.65 | -13.5% | Buy | 50.5x | 53 |
TSMTaiwan Semiconductor Manufacturing Company Limited | $2.4T | $462.12 | $520.00 | +12.5% | Buy | 0.9x | 25 |
Quick answers to the most common questions about buying AMD stock.
AMD's consensus price target is $452.91, -15.7% below the current price of $537.37. The 70 analysts tracking AMD see downside risk at present valuations.
AMD has a consensus rating of "Buy" based on 70 Wall Street analysts. The rating breakdown is predominantly bullish, with 50 Buy/Strong Buy ratings. The consensus 12-month price target of $452.91 implies -15.7% downside from current levels.
At a forward P/E of 71.9602x, AMD trades at a premium valuation. The consensus price target of $452.91 (-15.7% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $665 for AMD, while the most conservative target is $260. The consensus of $452.91 represents the median expectation. Our quantitative valuation model projects a bull case target of $360 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
AMD is heavily covered by Wall Street, with 70 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 50 have Buy ratings, 20 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month AMD stock forecast based on 70 Wall Street analysts shows a consensus price target of $452.91, with estimates ranging from $260 (bear case) to $665 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $273, with bear/bull scenarios of $172/$360.
Our quantitative valuation model calculates AMD's fair value at $273 (base case), with a bear case of $172 and bull case of $360. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
AMD trades at a forward P/E ratio of 72.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 202.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on AMD, with 0 Sell ratings and a price target of $452.91 (-15.7% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
AMD analyst price targets range from $260 to $665, a 89% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $452.91 consensus represents the middle ground. Our model's $172-$360 range provides an independent fundamental perspective.
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