B of A Securities Rates Advanced Micro Devices (AMD) buy

Analyst Vivek Arya raises the price target for AMD to $560, showing confidence in the semiconductor company's growth, a 2.33% upside from the current price.

By TradeTexts Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 11:01 AM EDT

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B of A Securities rated Advanced Micro Devices, Inc. ($AMD) "buy" with a $560 price target on June 11, 2026.

Since the rating, $AMD is up 10.0% after 1 week, up 9.4% after 1 month and up 8.2% to date (from the $488.45 close on Jun 11, 2026).

AMD Advanced Micro Devices, Inc.

$528.75 +136.61% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities reiterated its Buy rating on Advanced Micro Devices, Inc. (NASDAQ: AMD) and raised the price target to $560 from a previous estimate.
B of A Securities's $560 price target implies 2.33% upside from Advanced Micro Devices, Inc.'s ($AMD) current $547.26 share price.
AMD shares recently traded around $547.26, slightly below their 52-week high of $658.52, which could indicate potential for a rebound.
The average price target from analysts for AMD now stands at $636.21, reflecting strong confidence in the company's future performance.

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B of A Securities' Updated Rating

B of A Securities has reiterated its Buy rating on Advanced Micro Devices, Inc. (NASDAQ: AMD) and raised the price target to $560 from a previous estimate. Analyst Vivek Arya made this announcement on June 11, 2026, noting the firm's long-term confidence in the semiconductor company.

Recent Analyst Opinions

B of A's new target is part of a broader trend among analysts who maintain positive ratings for AMD. Recently, Citigroup maintained a Buy rating with a target of $800, while Mizuho also held its Outperform rating with a target of $705. Stifel kept its Buy rating with a target of $700. These ratings suggest that many analysts are optimistic about AMD's growth and position in the market.

Stock Performance Context

AMD shares are currently trading around $547.26. This figure is not far from the company's 52-week high of $658.52, indicating that while the stock has seen some fluctuations, it remains solidly above its key moving averages. Investors will keep an eye on how the stock reacts to the prevailing analyst sentiment, especially with the next earnings report coming up on November 3, 2026.

12-month forecast

$AMD price target

Advanced Micro Devices, Inc. daily closes and this analyst's $560 target. Not advice.

What Advanced Micro Devices, Inc. Does

Advanced Micro Devices, Inc. is a semiconductor company based in Santa Clara, California. It offers a range of products including microprocessors, graphics processing units (GPUs), and artificial intelligence (AI) accelerators. The firm competes in various market segments, including data centers and gaming, making it a pivotal player in the technology sector.

What's Next for AMD?

As AMD prepares for its earnings report on November 3, 2026, investors will be keen to see if the company's performance aligns with analyst expectations. The recent reaffirmation of buy ratings by industry analysts reflects confidence in its future growth, and further analyst updates could be expected in the lead-up to the earnings release.