AMD Stock Could Move 8% to $389 or $331 After Results
AMD•Traders expect AMD shares could swing up to 8% post-earnings, implying a potential high of $389 or low of $331 from Friday’s record close near $360, as options pricing anticipates volatility. Analysts forecast 33% growth to $9.88B revenue and $1.27 EPS, with D.A. Davidson raising its price target to $375.
1. Expected Post-Earnings Volatility
AMD shares may swing up to 8% by week’s end based on options pricing, implying a potential high of $389 or low of $331 from a record close near $360. This anticipated volatility reflects heightened trader positioning ahead of the earnings release.
2. Strong Revenue and Earnings Growth Forecasts
Analysts expect AMD to report revenue of $9.88B and adjusted EPS of $1.27, each up roughly 33% from a year ago, driven by surging demand for AI hardware. These projections signal robust top- and bottom-line expansion.
3. Upgrades and Price Target Revisions
Following better-than-expected performance from rivals, D.A. Davidson upgraded AMD to buy and lifted its price target from $220 to $375, citing meaningful upside to estimates. Six of nine analysts currently rate the stock as a buy, underscoring broad Wall Street optimism.
4. Year-to-Date Rally
AMD shares have surged nearly 70% since January, hitting multiple record highs as AI-focused chip demand accelerates. This strong rally sets a lofty benchmark for the upcoming earnings report.
