AMD stock forecast: Can the tech giant reverse the downtrend?

Advanced Micro Devices (AMD) is trading at $160.33, moving within an intraday range of $156.28–$161.66 on 26 September 2025.

By Dan Mitchell17:48 (UTC), 2 October 2025 Updated

AMD stock forecast: Can the tech giant reverse the downtrend? — Advanced Micro Devices logo on the building – Photo: JHVEPhoto / Shutterstock.com

Shares firmed as investors weighed stronger-than-expected Q3 revenue guidance of $8.7bn, driven by ongoing AI infrastructure demand, while U.S. export controls resulted in an $800m inventory charge in Q2. The Nasdaq 100 rose 0.5% during the session (Reuters, 2 August 2025).

AMD stock forecast: Analyst price target view

Deutsche Bank (upgrade from Sell to Hold)

Deutsche Bank upgraded Advanced Micro Devices from Sell to Hold, setting a price target of $150. The firm cited improved positioning following the company’s strong Q2 performance and a more positive outlook for data centre growth (Investing.com, 6 August 2025).

Goldman Sachs (initiated coverage at Neutral)

Goldman Sachs initiated coverage on AMD with a Neutral rating and a $140 price target, taking a balanced view of the chipmaker’s outlook. The firm expects AMD’s server CPU share gains to slow due to greater ARM-based penetration, while noting limited GPU market share potential against Nvidia’s established position, supported by software advantages (AInvest, 10 July 2025).

UBS (Buy rating, raised target)

UBS reiterated its Buy rating and lifted the price target to $210 from $150, citing optimism about AMD’s Q2 performance and growth prospects. The firm anticipates outperformance in PC and server segments, with guidance potentially above consensus amid growing AI infrastructure demand and enterprise adoption (MarketScreener UK, 28 July 2025).

Bank of America Securities (Buy rating maintained)

Bank of America Securities maintained its Buy rating with a $200 price target, highlighting AMD’s progress in AI GPU pipeline development and expected Q3 sales growth. The firm projects free cash flow generation of around 20% or more over time, with strong positioning in data centre and AI accelerator markets (Investing.com UK, 29 July 2025).

Truist Securities (upgrade to Buy)

Truist Securities upgraded AMD to Buy from Hold and raised the price target to $213 from $173, reflecting improved sentiment on data centre and AI positioning. The firm noted hyperscale clients are increasingly engaging with AMD as partners rather than simply as leverage against Nvidia, signalling stronger intent to deploy AMD solutions at scale (Yahoo Finance, 5 September 2025).

Wall Street targets for Advanced Micro Devices range from $140 to $213, with consensus converging around $186–$188. These reflect differing views on AI market share potential and competitive standing against established players.

Predictions and third-party forecasts are often inaccurate, as they can’t account for unforeseen developments. Past performance should not be relied upon as an indicator of future results.

Advanced Micro Devices stock price: Technical overview

Advanced Micro Devices (AMD) trades at $160.33 as of 2:44pm UTC on 26 September 2025, remaining above its key moving average cluster, with the 20-, 50-, 100- and 200-day SMAs at approximately 159, 165, 145 and 127 respectively. The 14-day RSI is 50.57, signalling neutral momentum, while the ADX at 11.41 indicates a weak trend. On the upside, a daily close above the 169.03 pivot would put the 180.25 level back in view and, if cleared, could reopen the way towards 197.88. On pullbacks, initial support is at the 151.40 pivot, followed by the 100-day SMA near 145; a loss of that level would raise the risk of a move towards 140.18 (TradingView, 26 September 2025).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

Capital.com’s client sentiment for AMD CFDs

Capital.com client positioning in Advanced Micro Devices CFDs is skewed towards the long side, with approximately 95.0% of positions held by buyers and 5.0% by sellers. This places buyers ahead by around 90 percentage points (26 September 2025). The reading highlights strong long exposure among retail clients. The snapshot reflects open positions on Capital.com and is subject to change.

FAQ

What is the 5 year forecast for AMD stock?

Analyst price targets for AMD vary, with recent projections ranging from $140 to $213. Consensus estimates place the average target in the $186–$188 range. Forecasts are based on expectations for AMD’s performance in data centre, AI and server markets, though these may shift as market conditions evolve.

Is AMD a good stock to buy?

Capital.com does not provide investment advice. Analysts have issued ratings from Hold to Buy, reflecting differing views on AMD’s growth potential in AI and server markets, alongside the competitive landscape with Nvidia.

Could AMD stock go up or down?

Like all shares, AMD’s price can rise or fall depending on market conditions, AI infrastructure demand, wider technology sector trends and global economic factors. Third-party forecasts show both optimistic and cautious outlooks, but none can guarantee future movements.

Should I invest in AMD stock?

Capital.com does not make recommendations on whether you should invest. Any decision should be based on your own research, risk tolerance and financial circumstances. Past performance should not be relied upon as an indicator of future results.