Bernstein Lifts AMD Price Target to $140—But Still Holds Rating

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks on Analysts’ Radar Right Now. On July 21, Bernstein SocGen Group analyst Stacy Rasgon raised the price target on the stock to $140.00 (from $95.00) while maintaining a “Hold” rating. Despite the hold rating, Rasgon has highlighted several positive catalysts working in favour of the stock.

In particular, the analyst noted that the lifted ban on AI chip sales to China, upcoming MI350 product launch, and gaming recovery have been good for the company. This is why Rasgon updated his estimates for AMD earnings, which includes Q2 adjusted EPS of 49 cents on revenue of $7.52 billion, as compared to a prior estimate of 47 cents and $7.4 billion.

The analyst also updated Q3 estimates, projecting $8.43 billion in revenue and $1.20 in earnings per share.  He also updated his full-year 2025 estimate to $ $32.0 billion in revenue and $3.89 earnings per share.

Bernstein Lifts AMD Price Target to $140—But Still Holds Rating

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Regardless, the firm still remains cautious due to high valuation and expected risk of client channel flush and tariff pull-forward reversal.

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

While we acknowledge the risk and potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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