Goldman Sachs’ $675 Target Says AMD’s Selloff Went Too Far
Goldman Sachs reduced its price target for AMD to $675 from $700, maintaining a Buy rating. The target is 40% above Tuesday's close, with AMD shares down 28% from October highs due to AI spending concerns and Intel's weak PC guidance. AMD expects revenue to grow over 80% by 2027, supported by strong Q3 results and data center revenue growth.
How this was made
The 30-second read
Why it matters
The target raise reflects confidence in AMD's data‑center growth and 2027 revenue outlook.
Market read
Analyst target changes can move the stock, especially when the new target is substantially above current price.
What to watch
Potential supply‑chain constraints or slower AI adoption could temper upside.
Background
Goldman Sachs' target adjustment follows AMD's strong Q3 results and a 45% YoY revenue increase.
Ticker impact
Goldman Sachs trimmed its AMD price target to $675 from $700 and kept a Buy rating, indicating a fresh analyst outlook.
likely upward pressure as the market prices in the higher target.
The new target is 40% above the recent close and reflects bullish revenue expectations through 2027.
Market effects
May lift sentiment in the broader semiconductor and AI‑chip sector.
U.S. tech equities could see modest gains.
Limited to investors tracking AI‑related hardware stocks.
Counterpoint
Some investors may view the target as overly optimistic given recent AI‑spending concerns.
Key entities
- AnalystGoldman Sachs
Investment bank providing the revised price target.
- CompanyAdvanced Micro Devices
Subject of the price‑target revision.
