AMD Price Target Raised $110 by Citi After Strong Q1 Results
Citi raised its price target on AMD by $110 to $358 after strong Q1 earnings, though the new target still implies a 20% downside from current levels.
Citi raised its price target on Advanced Micro Devices (AMD) by $110 to $358 following the company's strong Q1 2026 earnings, though the bank maintained a Neutral rating on the stock. The revised target still suggests a potential 20% downside from current trading levels, reflecting cautious optimism about the semiconductor giant's near-term valuation.
AMD reported better-than-expected profits and revenue for the first quarter of 2026 on May 5, driven by robust demand in its Data Center segment and continued growth in Client and Embedded markets. The strong results underscore AMD's competitive position against rivals like Nvidia in the AI chip space, though the stock's elevated price may already reflect much of the positive news. For traders tracking real-time price action, NowPrice offers up-to-the-minute quotes on AMD and other key semiconductor stocks.
Looking ahead, investors will focus on AMD's ability to sustain its growth trajectory amid intensifying competition and potential macroeconomic headwinds. Key catalysts include the company's upcoming product launches and its progress in capturing market share in the AI accelerator market. The Citi price target revision adds to a series of analyst adjustments following the Q1 beat, with the broader market watching for any signs of demand softening in the second half of the year.