AMD stock: BNP Paribas lifts target for AMD stock to USD 960.00

Published on 10/20/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMD stock has November 3, 2026 results and a USD 13.00 billion guide. Price is EUR 480.48 on October 20, 2026, minus 0.43 percent versus the Xetra close.

Analyst target and reporting date

BNP Paribas raised its AMD target from USD 600.00 to USD 960.00 on October 5, 2026.
AMD is scheduled to report third-quarter 2026 results on November 3, 2026, with revenue guidance of USD 12.70 billion to USD 13.30 billion.
AMD stock costs EUR 480.48 at Lang & Schwarz on October 20, 2026 at 7:31 p.m. CEST, minus 0.43 percent versus the Xetra close of October 20, 2026 at EUR 482.55.

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BNP Paribas raised its price target for Advanced Micro Devices from USD 600.00 to USD 960.00 on October 5, 2026, according to Yahoo Finance. The target is 77.80 percent above AMD's USD 539.93 Nasdaq quote from October 20, 2026 at 11:33 a.m. ET. At Lang & Schwarz, AMD was trading at EUR 480.48 on October 20, 2026 at 7:31 p.m. CEST, down 0.43 percent versus the Xetra close of October 20, 2026 (EUR 482.55).

November 3 brings the next test

AMD is scheduled to report fiscal third-quarter 2026 results on November 3, 2026, with revenue guidance of USD 12.70 billion to USD 13.30 billion. The midpoint of USD 13.00 billion would be 12.69 percent above the USD 11.54 billion reported for the second quarter ended June 27, 2026, according to AMD.

AMD's second-quarter revenue increased 50.10 percent year over year to USD 11.54 billion. GAAP net income attributable to common shareholders was USD 2.30 billion, diluted earnings per share were USD 1.38, and gross margin was 54.00 percent for that period, according to AMD. The figures give the November report a clear numerical hurdle beyond the analyst target.

Price position and valuation

On Nasdaq, AMD last traded at USD 539.93 on October 20, 2026 at 11:33 a.m. ET. Its 52-week range was USD 188.22 to USD 658.52, placing the quote 17.99 percent below the high, while market capitalization stood at USD 881.4 billion. The trailing price-to-earnings ratio was 138.38.

The valuation leaves the company sensitive to delivery against its guidance. BNP Paribas's USD 960.00 target is materially above the current Nasdaq quote, while the coming results must show whether revenue can reach the USD 13.00 billion midpoint. The company also lists its fiscal third-quarter results for November 3, 2026, at 2:00 p.m. PDT on its investor-relations calendar.

What the target means for AMD

The October 5 target revision places AMD's valuation debate around future artificial-intelligence demand rather than the already reported second-quarter figures. The immediate reference points are the USD 12.70 billion to USD 13.30 billion revenue range and the 54.00 percent second-quarter gross margin.

After-hours price stays near EUR 480

AMD's euro quotation was EUR 480.48 at Lang & Schwarz on October 20, 2026 at 7:31 p.m. CEST, down 0.43 percent versus the Xetra close of October 20, 2026 at EUR 482.55. The Nasdaq quote was USD 539.93 at 11:33 a.m. ET on the same date, while AMD's 52-week high was USD 658.52.

The further course of trading is shown by the continuously updated real-time quote of AMD stock.