AMD stock gains as analysts keep raising targets

Published on 09/18/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMD stock rose to USD 545.09 on September 17, 2026, after Piper Sandler kept Overweight and a USD 600 target. Q2 revenue was USD 11.54 billion, up 50.1 percent year over year.

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Advanced Micro Devices stock (ISIN US0079031078) closed at USD 545.09 on September 17, 2026, up 6.36 percent on the day and close to its 52-week high of USD 584.73. The move came after Piper Sandler reiterated Overweight and a USD 600 price target, with the firm pointing to management's message that demand for CPUs and GPUs is running ahead of supply.

Analyst targets stay high

According to Investing.com on September 17, 2026, Piper Sandler analyst David O'Connor reiterated Overweight and a USD 600 target after AMD management said demand for CPUs and GPUs is outpacing supply. TipRanks said on September 17, 2026 that Bank of America kept a Buy rating and a USD 620 target, while Piper Sandler stayed at USD 600.

The market reaction matters because AMD was already trading above the USD 512.50 close reported for September 16, 2026 and also above the USD 526.12 premarket level cited by MSN on September 17, 2026. The stock's 52-week range is USD 149.85 to USD 584.73, so the latest close left little room before the yearly peak.

Q2 numbers drive the case

AMD reported second-quarter 2026 revenue of USD 11.54 billion, up 50.1 percent year over year, and earnings per share of USD 1.66, which beat the USD 1.62 consensus by USD 0.04, according to MarketBeat on September 18, 2026. Net margin was 15.58 percent, and revenue expectations for the quarter stood at USD 11.31 billion.

The same report said AMD's data center revenue reached USD 6.7 billion, up 107 percent from a year earlier, while current-year earnings estimates point to USD 6.43 per share. That mix explains why the stock can hold a premium valuation even after a strong year-to-date run.

What investors watch next

AMD's latest close at USD 545.09 on September 17, 2026 leaves the shares 6.8 percent below the 52-week high of USD 584.73 and 264.0 percent above the 52-week low of USD 149.85. Market capitalization stood at USD 889.84 billion, with volume of 28.46 million shares in the latest session.