TD Cowen raises Advanced Micro Devices target price to $165 from $115

Friday, Jul 11, 2025 2:53 am ET1min read

TD Cowen raises Advanced Micro Devices target price to $165 from $115

Advanced Micro Devices (AMD) has seen a significant upward revision in its stock target price. TD Cowen, a prominent financial services firm, has raised its price target for AMD shares from $115 to $165, reflecting a positive outlook on the company's future prospects. This move comes amidst a period of robust growth and increasing analyst confidence in AMD's ability to capitalize on the burgeoning AI market.

The latest upgrade by TD Cowen follows a series of positive developments for AMD. Notably, the company has been recognized as one of the top fast-growing stocks, with Mizuho maintaining an Outperform rating and raising its price target from $135 to $152 [2]. Additionally, HSBC recently upgraded AMD's stock to Buy, citing substantial growth in AI revenue projections for 2026 [3]. This upgrade underscores the firm's optimism regarding AMD's AI chip series, particularly the MI350 series, which is expected to drive significant revenue.

The revised price target by TD Cowen aligns with the broader market sentiment, which has been increasingly bullish on AMD. Analysts expect AMD to continue its momentum in datacenter and GPU growth, with projections for AI revenue showing a substantial increase. KeyBanc, for instance, projects AMD could post $7–8 billion in AI revenue this year, led by strong demand for the MI355 series [3].

Despite these positive indicators, AMD faces competition from established players like NVIDIA. However, the company's focus on cutting-edge semiconductor technology and its strong market position in both commercial and consumer industries position it well to capitalize on future growth opportunities.

As AMD prepares to release its second-quarter earnings on August 5, investors are closely monitoring the company's performance. The latest upgrade by TD Cowen suggests that analysts are increasingly confident in AMD's ability to deliver on its growth potential, which could further drive investor interest in the stock.

References:
[1] https://www.benzinga.com/quote/AMD/analyst-ratings
[2] https://finance.yahoo.com/news/advanced-micro-devices-amd-maintains-061946441.html
[3] https://www.benzinga.com/trading-ideas/movers/25/07/46353063/amd-stock-is-rising-thursday-whats-going-on

TD Cowen raises Advanced Micro Devices target price to $165 from $115

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