TLDR
- AMD hit a new 52-week high of $287.61 on April 22, with the stock up 32.84% year-to-date
- Stifel raised its price target 14.3% from $280 to $320, maintaining a “Buy” rating
- Bernstein also lifted its target from $235 to $265, citing expected 50% EPYC processor sales growth in 2026
- Q4 2025 revenue hit a record $10.3 billion, up 34% year-over-year, with data center revenue of $5.4 billion
- 79% of 56 analysts covering AMD hold a Buy rating, with a consensus “Strong Buy” and average target of $290.80
AMD is having a moment. The stock hit a new 52-week high of $287.61 on April 22, capping a month where it gained over 41%. Year-to-date, AMD is up nearly 33%, and Wall Street is taking notice.
Advanced Micro Devices, Inc., AMD
Stifel raised its price target on AMD from $280 to $320 this week, a 14.3% increase, while keeping its “Buy” rating in place. The firm pointed to strong AI compute demand, growing ties with Meta Platforms and OpenAI, and an upcoming product cycle including the MI450/Helios data center GPU.
Bernstein also lifted its target, moving from $235 to $265, though it kept a “Market Perform” rating. Bernstein expects EPYC processor revenue to grow around 50% year-over-year in 2026 and raised its Q1 2026 revenue estimate to $9.9 billion.
Both moves come ahead of AMD’s next earnings report, scheduled for May 5.
Strong Financials Backing the Rally
AMD reported Q4 2025 results on February 3, 2026. Revenue came in at a record $10.3 billion, up 34% year-over-year. Non-GAAP EPS of $1.53 beat expectations and rose 40% from the same period a year earlier.
The data center segment led the way. Q4 data center revenue hit $5.4 billion, up 39% year-over-year, fueled by demand for Instinct AI accelerators and EPYC server CPUs.
For the full year 2025, AMD posted record revenue of $34.6 billion, also up 34% year-over-year. Non-GAAP EPS for the year reached $4.17, up 26%.
Operating margins improved from 11% to 17% in Q4, with non-GAAP gross margin rising to 57% from 54%.
Institutional Money Is Flowing In
Institutional buying has been a steady theme over the past year. Tracking data shows multiple large-volume inflow signals, which have historically preceded price gains.
AMD has logged 86 institutional outlier inflow signals since 1992, with the stock up 2,610% since the first signal. In the past year alone, inflows have been consistent, with the stock up 33% year-to-date.
One-year sales growth stands at 34.3%, while the three-year EPS growth rate is 72.5%. Analysts forecast EPS to grow 63.8% this year.
For Q1 2026, AMD guided for revenue of roughly $9.8 billion, implying 32% year-over-year growth. Non-GAAP gross margin guidance came in at 55%.
Analysts expect Q1 EPS of $1.04, up 33.3% year-over-year. For fiscal 2026, the consensus sits at $5.78 EPS, up 76.76% year-over-year.
Out of 45 analysts covering the stock, 31 rate it “Strong Buy,” two say “Moderate Buy,” and 12 maintain a “Hold.” The average price target is $290.80, with the high-end target sitting at $380.
AMD currently trades at 48.42 times forward earnings. The stock closed its most recent session up 3.65%.
🚨 Our April Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for April, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
