AMD Stock Target Raised to $300 as Bulls Eye Critical Breakout Level

Advanced Micro Devices stock (NASDAQ:AMD) trades at a pivotal technical resistance level as Wall Street analysts continue to raise their price targets on the semiconductor powerhouse. AMD's stock price has surged 16.2% since the start of 2026, extending a remarkable 125% gain over the past twelve months, fueled by growing confidence in the company's artificial intelligence and data center prospects.

Piper Sandler became the latest firm to increase its outlook on AMD, lifting its price target to $300 from $280 while maintaining an Overweight rating. The firm expressed strong enthusiasm about AMD's trajectory heading into 2026, particularly regarding the upcoming March quarter guidance. Piper Sandler anticipates that AMD will deliver revenue upside of approximately $200 million for the December 2025 quarter, with potential to exceed that figure, alongside earnings per share beating consensus estimates by at least 2 cents.

The analyst firm's optimism extends into the March quarter, though it expects more modest upside due to seasonal headwinds affecting the client, gaming, and enterprise EPYC CPU segments. This measured outlook reflects the cyclical nature of certain AMD business lines, even as the company's data center and AI accelerator divisions continue their rapid expansion.

AMD now approaches a critical technical juncture, with shares testing resistance around the $260 level that previously capped gains in October 2025. A decisive break above this threshold could signal a fresh leg higher for the stock, potentially validating the increasingly bullish price targets emerging from Wall Street. The convergence of positive fundamental developments and technical setup has heightened market attention on AMD's near-term price action.

The wave of analyst upgrades reflects mounting evidence of AMD's success in the lucrative AI accelerator market. BofA Securities raised its target to $300 in October 2025 following AMD's showcase of its MI450 Series “Helios” racks at the OCP Conference, with deployment scheduled for the latter half of 2026. The firm highlighted improved visibility into product ramps, supported by commitments from Oracle, Meta, and OpenAI. BofA now assumes 50% of the OpenAI deal will materialize in its base model, representing a 6-gigawatt deployment over four years.

Wedbush similarly increased its target to $270 from $190, citing transformative AI partnerships. Oracle Cloud Infrastructure's commitment to deploy 50,000 AMD MI450 GPUs beginning in the third quarter of 2026, with further scaling in 2027, exemplifies the scale of enterprise adoption AMD is securing. Bernstein raised its target to $200 following the OpenAI partnership announcement, which includes warrants for up to 160 million AMD shares vesting as infrastructure ships.

Barclays pointed to AMD's MI-series chips reaching approximately $2.3 billion in run rate, creating what the firm sees as a clear path to more than $10 billion in revenue during calendar year 2026, excluding potential contributions from China. This trajectory underscores the rapid monetization of AMD's AI investments and its ability to compete effectively against established rivals in the accelerator space.

Price Targets

Markets are now focused on whether AMD can sustain its momentum through the first quarter earnings report and guidance update. The combination of strong execution, expanding AI partnerships, and increasingly bullish Wall Street sentiment has positioned AMD at a potential inflection point, with a breakout above $260 potentially opening the path toward the $300 level multiple analysts now envision.