Susquehanna Raises Price Target on AMD Stock Amid Strong AI Momentum
Advanced Micro Devices (AMD) stock rose sharply after Susquehanna analyst Christopher Rolland raised its price target to $500, indicating more than 15% potential upside. The upgrade comes as AMD shares have already surged over two times their value since the start of 2026 and ahead of the company's Q2 earnings report on August 4. Rolland cited strong performance in data center demand driven by AI accelerators like the Instinct MI series, which are seeing significant commercial traction with major clients such as OpenAI, Meta (META), and Anthropic. Additionally, AMD’s EPYC server CPUs are expected to benefit from a growing total addressable market projected to reach $220 billion. Despite Susquehanna being relatively conservative compared to other Wall Street firms, the broader consensus remains bullish with an average price target of $580—suggesting over 20% upside. Barchart currently holds a 'BUY' opinion on AMD stock at 56%, reinforcing positive technical momentum.
Topics: AI accelerators AMD price target increase stock analysis