Advanced Micro Devices price target cut to $274 after Meta AI deal
Veteran analyst Stephen “Sarge” Guilfoyle cut his AMD price target from $320 to $274 after the company secured a major AI infrastructure deal with Meta. The new target still implies roughly 30% upside from the recent $210 trading level.
1. Price Target Recalibration
Stephen “Sarge” Guilfoyle revised his price objective for Advanced Micro Devices from $320 to $274, representing a downgrade of 14% but still implying nearly 30% upside from recent trading levels around $210.
2. Meta AI Infrastructure Deal
The adjustment followed AMD’s announcement of a landmark AI infrastructure commitment with Meta Platforms, marking one of the largest scale partnerships in the AI GPU market and reinforcing AMD’s enterprise traction.
3. Wall Street Price Targets
Following the Meta deal, major brokerages updated their forecasts: Bank of America raised its objective to $280, UBS to $330, while Goldman Sachs, Morgan Stanley and Citi set targets between $240 and $260, all indicating double-digit upside.
4. Technical and Momentum View
Guilfoyle noted that despite bullish long-term drivers, current momentum indicators and technical patterns remain mixed, suggesting AMD’s shares need stronger chart signals to sustain a breakout from their recent slump.