Goldman Sachs analyst James Schneider hiked AMD’s 12-month price target to $640 from $450 on July 5, maintaining a Buy rating. The reasoning boils down to two words that every investor should tattoo on their forearm: agentic AI.
In English: AI systems that don’t just answer questions but actually do things autonomously. That shift, according to Schneider, means data centers need a lot more high-performance CPUs alongside GPUs, and AMD happens to sell both.
Wall Street’s AMD upgrade parade
Goldman isn’t alone in its enthusiasm. Wells Fargo raised its AMD target to $615, while Bernstein set theirs at $600, all within the June-July 2026 window.
The consensus among analysts sits firmly in “Moderate Buy” territory.
