Citigroup raises Advanced Micro Devices target price to $145 from $120

Citigroup raises Advanced Micro Devices target price to $145 from $120

Citigroup has recently raised its target price for Advanced Micro Devices (AMD) to $145 from a previous estimate of $120, reflecting a more optimistic outlook on the semiconductor giant's future performance. This move comes amidst a mixed bag of analyst ratings and price targets for AMD, underscoring the varied sentiment among financial experts.

According to the latest data from MarketBeat, as of July 2025, AMD has a consensus rating of "Moderate Buy" based on 32 Wall Street analysts. This rating is derived from a mean average of normalized ratings, with 1 analyst giving a sell rating, 11 giving a hold rating, 17 giving a buy rating, and 3 giving a strong buy rating [1].

The average price target for AMD is $144.90, with a high estimate of $250.00 and a low estimate of $100.00. This represents a forecasted upside of 65.60% from the current price of $87.50. However, the average price target has decreased by 2.57% from the prior average price target of $139.56, indicating a downward trend in analysts' expectations [1].

The recent update by Citigroup is part of a broader trend of analysts revising their ratings and price targets for AMD. For instance, over the last 30 days, 13 analysts have maintained a bullish stance, while 5 have been indifferent, and 0 have been bearish. This reflects a mix of optimism and caution among financial experts [2].

Key analysts have also made significant changes to their ratings and price targets. For example, Vijay Rakesh of Mizuho raised his rating to "Outperform" with a price target of $152.00, while Ben Reitzes of Melius Research raised his rating to "Buy" with a price target of $175.00. Conversely, some analysts have lowered their ratings, such as Mark Lipacis of Jefferies, who lowered his rating to "Hold" with a price target of $100.00 [2].

The recent changes in analyst ratings and price targets for AMD highlight the importance of staying informed about evolving market conditions and company performance. As investors, it is crucial to assess these evaluations alongside crucial financial indicators to gain a comprehensive overview of AMD's market position.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/AMD/forecast/
[2] https://www.benzinga.com/insights/analyst-ratings/25/07/46253066/demystifying-advanced-micro-devices-insights-from-33-analyst-reviews