Raymond James Analyst Upgrades AMD to Strong Buy with Raised Price Target
On August 25, Raymond James analyst Simon Leopold upgraded Advanced Micro Devices (AMD) from Outperform to Strong Buy and raised the price target to $641 from $565. This move implies roughly 40% upside potential based on AMD's closing stock price at that time. The upgrade is backed by a bullish outlook for server CPU revenue, which Leopold forecasts will grow at a compound annual rate of 44%, reaching approximately $201 billion by 2030. Leopold emphasized AMD’s strong positioning in the datacenter market and its ability to gain significant share from Intel. He also noted that AI infrastructure adoption is increasing, with AMD's EPYC processors playing a key role due to their coordination capabilities for complex workflows. Recent financial performance supports this view: Q2 2026 data center revenue surged to $6.7 billion, up 107% year-over-year. AMD’s server CPU market share has grown significantly in the second quarter of 2026, reaching 34.5%, while Intel's dropped to 65.5%. The stock currently trades at around 41 times projected earnings and is up roughly 113% year-to-date.
Topics: AMD price target upgrade Raymond James Strong Buy rating