the next Advanced micro devices (Nasdaq: AMD) latest deal with artificial intelligence (Amnesty InternationalHazem Anthropic, Wells Fargo (New York Stock Exchange: WFC) Aaron Rakers announced his confidence in the above-consensus price target for AMD stock It has been further enhanced.
Specifically, the Wall Street analyst explains that the deal – although widely expected – has reinforced expectations that… Blue chip The chipmaker’s revenue from graphics processing units (GPUs) will reach $40.6 billion in 2027.
Rackers added that the multi-billion-dollar MI455X and Helios rack-scale systems could push AMD’s outlook towards $50 billion before repeating an “overweight” rating – “buy” – and a $615 stock price target for the next 12 months.
Analysts are predicting the price of AMD stock over the next 12 months
Zooming out reveals that Wells Fargo’s recommendation for the semiconductor giant is largely in line with the broader stance on Wall Street, even if its stock price expectations are well above consensus.
In fact, AMD stock is generally considered a “Strong Buy” with 28 positive reviews, 8 hold, and no negative ratings, according to Data Retrieved from Finebold TipRanks On July 23.
Notably, despite the recommendation, the chipmaker’s shares are expected to fall, on average, 1.99% from its last close of $552.33 to $541.31 over the next 12 months.
Examination of individual observations reveals that the apparently bearish price target is most likely the result of older forecasts – compilers tend to take into account all institutional forecasts issued within the last three months.
However, Jefferies’ Blayne Curtis estimates that AMD stock will find itself at $515 — a 6.76% decline from the last close — despite issuing a “buy” recommendation as recently as July 16, showing that not all bulls are confident that the semiconductor giant’s rally can continue.
Is AMD stock headed for a massive breakout?
Finally, the performance of Advanced Micro Devices stock since 2026 suggests that the stock could face a breakout soon. Year to date, AMD is up 147.16%, but has remained relatively stagnant since early June, despite significant fluctuations.
Under these circumstances, the stock appears to be going through an accumulation phase with its next direction remaining somewhat uncertain: Although the large-scale agreement with Anthropic looks like a bullish catalyst, it could also lead to a sell-off due to growing skepticism among investors towards AI.
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