11 Best IT Stocks to Buy According to Wall Street Analysts

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best IT Stocks to Buy According to Wall Street Analysts. Advanced Micro Devices, Inc. (NASDAQ:AMD) has fallen more than 16% since its fiscal Q4 2025 earnings reported on February 3. The Street remains bullish on the stock with analysts 12-month price target suggesting more than 48% upside from the current levels and 80% of the 55 analysts covering the stock maintaining a Buy rating.

Recently, on March 2, Timothy Arcuri from UBS reiterated a Buy rating on the stock but lowered the price target from $330 to $310. Earlier, on February 25, Gil Luria from D.A. Davidson reiterated a Hold rating on the stock with a price target of $220.

Advanced Micro Devices, Inc. (NASDAQ:AMD) delivered 34.11% year-over-year revenue growth during the quarter to reach $10.27 billion and topped the estimates by $599.73 million. The EPS of $1.53 also exceeded estimates by $0.21. Management attributed revenue growth to be driven by strong performance in the data center, client, and gaming segments.

It noted that it expects “semi-custom SoC annual revenue to decline by a significant double-digit percentage as we enter the seventh year of what has been a very strong console cycle.” As a result, the fiscal Q1 2026 revenue is expected around $9.8 billion, reflecting a 5% sequential decline and 32% growth year-over-year.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a number of high-growth industries like gaming, data centers, and AI.