Analysts raised AMD’s target to $600 citing stronger data center AI demand and new partnerships ahead of 2026 earnings.
Wedbush increased Advanced Micro Devices’ (NASDAQ:AMD) price target to $600 from $450, citing improved confidence in the company’s AI growth trajectory. The upgrade follows AMD’s Advancing AI 2026 event, where management highlighted new partnerships and supply chain improvements driving data center AI expansion.
The firm noted AMD’s positioning as an end-to-end compute provider, spanning GPUs, CPUs, and AI infrastructure. New agreements with Microsoft and Anthropic reinforced expectations for accelerated revenue in the second half of 2026 and into 2027. Prior estimates had pegged AMD’s target at $450, with consensus forecasts trailing the revised outlook.
Wedbush described the event as incrementally constructive, with server vendors and supply chain participants signaling rising AI infrastructure investment. Management avoided near-term financial guidance ahead of second-quarter 2026 earnings, focusing instead on long-term strategy.