Analysts boost AMD targets on AI growth and market share

BMO and Raymond James are bullish on AMD, citing strong AI growth, major customer wins, and rising market share. Price targets range from $550 to $641, with optimism for 2027 revenue.

BMO Capital and Raymond James have both issued bullish outlooks on AMD. BMO initiated coverage with an Outperform rating and a $550 price target, while Raymond James upgraded AMD to Strong Buy with a $641 target. Analysts highlight AMD's transformation into a key AI infrastructure provider, driven by its Helios rack-scale AI platform. Shipments are set to begin in September to major customers such as OpenAI, Meta, Anthropic, and Microsoft. In Q2, AMD’s revenue surged 50% year-over-year to $11.54 billion, beating estimates. The company’s x86 CPU market share rose to 30.3% in Q2 2026, and server CPU revenue is projected to grow over 70% year-over-year. Analysts are raising 2027 data-center GPU revenue targets above $40.6 billion, reflecting optimism about AMD’s AI-driven growth. However, risks remain around execution, margin expansion, and supply chain dependencies. AMD shares have climbed 113% in 2026, though they trade below their 52-week high as the market weighs its ability to challenge Nvidia and Intel.