Wells Fargo Rates Advanced Micro Devices (AMD) buy

Wells Fargo analyst Aaron Rakers maintains a buy rating and $615 price target on Advanced Micro Devices as shares change hands around $554, a 10.93% upside from the current price.

By TradeTexts Research Desk · Published Jun 30, 2026, 12:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Wells Fargo rated Advanced Micro Devices, Inc. ($AMD) "buy" with a $615 price target on June 30, 2026.

Since the rating, $AMD is down 11.2% after 1 week, down 16.4% after 1 month and down 9.0% to date (from the $580.91 close on Jun 30, 2026).

AMD Advanced Micro Devices, Inc.

$528.75 +136.61% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo analyst Aaron Rakers reiterated a buy rating and a $615 price target on Advanced Micro Devices on June 30, 2026.
Wells Fargo's $615 price target implies 10.93% upside from Advanced Micro Devices, Inc.'s ($AMD) current $554.42 share price.
The semiconductor stock trades near $554.42, sitting well above its 200-day moving average of $392.68.
Wall Street maintains a strong buy consensus on the company with a mean target price of $636.21 across 50 analyst opinions.

Get $AMD trade alerts by text

We text you when insiders, Congress or big funds trade $AMD. Free.

Not investment advice. TradeTexts is not a registered investment adviser, and this automated Advanced Micro Devices, Inc. alert may contain errors. Disclosures

Wells Fargo Keeps Buy Rating on Advanced Micro Devices

Wells Fargo analyst Aaron Rakers reaffirmed a buy rating on Advanced Micro Devices, Inc. (NasdaqGS: AMD) on June 30, 2026, setting a price target of $615. That target sits moderately above the stock's recent trading levels, leaving room for potential upside as the chipmaker builds out its artificial intelligence hardware business.

Analyst rating track record

Wells Fargo vs. the S&P 500

YTD return -12.12% hypothetical

All-time return +10.65% S&P 500 +35.20%

vs. S&P 500 -24.55% behind the index

Hypothetical returns from Wells Fargo's disclosed trades, not real profit or advice. How we model this.

Semiconductor Stock Valuation and Moving Averages

Shares recently changed hands at $554.42, resting comfortably inside a 52-week trading span that stretches from a low of $188.22 up to a peak of $658.52. The equity moves well ahead of its 50-day moving average of $536.35 and remains far above its longer-term 200-day moving average of $392.68. The company carries a valuation reflecting its large footprint in the technology sector, trading with a forward P/E ratio of 35.69 based on upcoming earnings estimates.

12-month forecast

$AMD price target

Advanced Micro Devices, Inc. daily closes and this analyst's $615 target. Not advice.

Wall Street Analyst Actions and Price Targets

Other major financial institutions have updated their outlooks on the semiconductor firm in recent weeks. On October 6, 2026, Citigroup maintained a buy rating while lifting its target to $800.00 from $575.00. On the same day, Mizuho kept an outperform rating with a target of $705.00, up from its prior $580.00 objective. Stifel also maintained a buy rating on October 5, 2026, setting a $700.00 target. StoneX reiterated a buy rating at $685.00 on September 29, 2026, matching Rosenblatt's action on that date which kept a buy rating and a $700.00 target. B of A Securities maintained a buy rating on September 25, 2026, raising its target to $720.00. Earlier in the month, 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 with a $641.00 target on August 25, 2026.

What Advanced Micro Devices Does

Headquartered in Santa Clara, California, the company operates as a key global semiconductor developer across three main segments: Data Center, Client and Gaming, and Embedded. Its product lineup includes advanced artificial intelligence accelerators, microprocessors, graphics processing units, server chips under the EPYC brand, and Ryzen processors for desktop and mobile computers. The company serves public cloud providers, original equipment manufacturers, and system builders worldwide.

Upcoming Financial Reports and Market Watch

Investors will look ahead to the company's next earnings report scheduled for November 3, 2026, to gauge progress on data center demand and AI accelerator shipments. Market participants continue to track institutional fund movements following recent quarterly disclosures, including large position adjustments by major asset managers.