UBS Rates Advanced Micro Devices (AMD) buy, $670 Price Target
UBS analyst Timothy Arcuri keeps a buy rating and $670 price target on Advanced Micro Devices, matching a wave of bullish updates from Wall Street, a 30.09% upside from the current price.
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UBS rated Advanced Micro Devices, Inc. ($AMD) "buy" with a $670 price target on June 24, 2026.
Since the rating, $AMD is up 4.1% after 1 week, up 0.4% after 1 month and up 1.7% to date (from the $519.74 close on Jun 24, 2026).
AMD
Advanced Micro Devices, Inc.
Key Points
- UBS analyst Timothy Arcuri reiterated a buy rating on Advanced Micro Devices, Inc. (NasdaqGS: AMD) with a $670 price target on June 24, 2026.
- UBS's $670 price target implies 30.09% upside from Advanced Micro Devices, Inc.'s ($AMD) current $515.04 share price.
- Wall Street maintains a strong buy consensus for the chipmaker, backed by fifty analyst opinions and a mean price target of $636.21.
- Recent updates from other major firms include Citigroup lifting its target to $800 and Mizuho raising its target to $705.
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UBS Reaffirms Buy on Advanced Micro Devices
UBS analyst Timothy Arcuri reiterated a buy rating on Advanced Micro Devices, Inc. (NasdaqGS: AMD) on June 24, 2026, setting a price target of $670.00. This call adds to a busy stretch of analyst adjustments for the Santa Clara-based semiconductor firm as major financial institutions update their views on the chipmaker's artificial intelligence and data center business.
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Wall Street Analyst Coverage and Recent Updates
Analyst activity across the wider market shows broad support for the semiconductor company. On October 6, 2026, Citigroup maintained a buy rating while lifting its target to $800.00 from $575.00. Mizuho also kept an outperform rating on October 6, 2026, raising its target to $705.00 from $580.00. Stifel maintained a buy rating on October 5, 2026, with a target of $700.00. StoneX reiterated a buy rating on September 29, 2026, alongside Rosenblatt, which kept a buy rating and a $700.00 target. Earlier, B of A Securities maintained a buy rating on September 25, 2026, and raised its target to $720.00. Piper Sandler initiated coverage with an overweight rating and a $600.00 target on September 10, 2026, while Raymond James upgraded the stock to a strong buy on August 25, 2026, with a $641.00 target.
Stock Valuation and Market Context
Trading around $515.04, Advanced Micro Devices shares sit well above their 200-day moving average of $392.68. The company's valuation points to a forward P/E ratio of 35.69 based on upcoming earnings estimates. Total analyst coverage spans fifty opinions, resulting in a strong buy recommendation key and a mean price target of $636.21, with individual targets stretching from a low of $365.00 up to a high of $1250.00.
$AMD price target
Advanced Micro Devices, Inc. daily closes and this analyst's $670 target. Not advice.
Semiconductor Technology and Operations
Headquartered in Santa Clara, California, Advanced Micro Devices operates as a major international semiconductor company under the leadership of CEO Dr. Lisa T. Su. The firm designs high-performance processors, graphics cards, and artificial intelligence accelerators for data centers, personal computers, and embedded systems. Its product portfolio includes EPYC server chips, Instinct AI accelerators, and Ryzen processors used by cloud providers and system builders worldwide.
What to Watch Next for the Chipmaker
Market participants will track upcoming corporate milestones including the company's next earnings report scheduled for November 3, 2026. Investors will also monitor whether additional Wall Street firms adjust their price targets as demand for artificial intelligence hardware evolves through the end of the year.
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Source: UBS's rating change on $AMD (Jun 24, 2026). Written by software, not financial advice. How we make alerts