Bernstein analyst Stacy Rasgon just handed AMD shareholders another reason to feel good about their positions. The firm bumped its price target on Advanced Micro Devices to $600 from $525, keeping its Outperform rating intact.
AMD closed at roughly $507 on June 16, the day before the revised target dropped. That means Bernstein sees about 18% upside from recent levels.
The AI thesis keeps getting louder
This price target hike is the second major revision in barely two months. Back in May 2026, Bernstein upgraded AMD from Market Perform and set a $525 target. That was already a massive jump from the previous $265 target.
Bernstein’s analysis points to projected fiscal year 2027 earnings per share of around $14.60 for AMD. If current AI growth trends hold, that number could climb to $20 by 2028.
