Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Growth Stocks to Buy With Highest Upside Potential.
As of April 8, 45 of the 56 analysts covering Advanced Micro Devices, Inc. (NASDAQ:AMD) had a Buy rating on the stock, with no Sell ratings. The analyst’s 12-month median price target of $300 reflects more than 35.42% upside from the current level.
Recently, on April 6, Citi lowered the firm’s price target on the stock from $260 to $248 and maintained a Neutral rating on the shares. The firm added an upside 30-day catalyst watch on Advanced Micro Devices ahead of the company’s fiscal Q1 2026 earnings report, expected to be released on April 28. Citi said in a research note that they expect upside to the company’s consensus estimates due to increased demand for central processing units driven by agentic AI use.
Earlier, on April 2, Erste Group had upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) from Hold to a Buy rating. The firm noted that they also expect the company to post further growth during the first quarter of 2026, driven by increased demand for CPUs and GPUs in data centers and Agentic AI. Erste Group projects the company to post 32% year-over-year growth during the fiscal Q1 2026.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a multinational semiconductor company that designs high-performance computing, graphics processing units, and visualization technologies. The company also offers AI accelerators, microprocessors, embedded processors, and SoC products. The business is structured around three segments, i.e., Data Center, Client & Gaming, and Embedded.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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