Traders Predict 8% Swing in AMD Shares to $331–$389 After Earnings
Traders expect AMD stock could swing up to 8% by week’s end after earnings, ranging between $331 and $389. Analysts forecast $9.88B revenue and $1.27 EPS, each up 33% year-over-year on AI demand, and six of nine analysts rate it a buy.
1. Recent Share Rally
AMD shares have climbed nearly 70% since the start of the year, reaching a record close just above $360 as investors reward the company’s expanding AI hardware portfolio. This rally sets a high-water mark for the stock ahead of its upcoming earnings report.
2. Options-Derived Volatility Outlook
Based on recent options pricing, traders anticipate that AMD shares could move as much as 8% in either direction by the end of the week, projecting a trading range between $331 on the downside and $389 on the upside following Tuesday’s post-close earnings release.
3. Analyst Forecasts and Upgrades
Wall Street analysts forecast $9.88 billion in revenue and $1.27 in adjusted earnings per share, each up about 33% year-over-year driven by surging AI demand. Six of nine analysts rate AMD a buy, with D.A. Davidson raising its price target to $375 from $220.