Analyst Cuts AMD Price Target to $274 After Meta’s Major AI Infrastructure Deal
Stephen Guilfoyle cut AMD’s price target to $274, down from $320, still implying nearly 30% upside over its $210 closing price. The recalibration follows Meta Platforms’ one of largest AI infrastructure commitments to AMD GPUs, prompting other banks to project double-digit upside in the coming quarters.
1. Price Target Revision
Veteran analyst Stephen Guilfoyle lowered AMD’s price target to $274 from $320, reflecting cautious optimism despite implying nearly 30% upside over a $210 share price. The adjustment highlights mixed technical momentum while recognizing the strategic importance of AI GPU ramp.
2. AI Infrastructure Partnership
The target reset follows Meta Platforms’ commitment to deploy AMD’s GPUs in one of the largest AI infrastructure deals in recent memory. This partnership underscores Meta’s focus on scaling its AI capabilities at hyperscale and validates AMD’s position in the market.
3. Broader Analyst Reaction
Following the announcement, Bank of America, Goldman Sachs, Morgan Stanley, Citi and UBS adjusted their AMD price targets, forecasting between 13.8% and 56.5% upside. Analysts cite robust AI GPU demand and growing hyperscaler partnerships as key long-term growth drivers.