Wall Street Analysts Boost AMD Outlook Ahead of Earnings

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As Advanced Micro Devices (AMD) approaches its February 3 quarterly earnings release, expectations on Wall Street are being revised upward. Market experts point to a combination of rival Intel's challenges and robust server segment demand as key drivers for potential gains, even after the stock's significant performance throughout 2025. The central question remains whether the upcoming financial results can validate this growing optimism.

Analyst sentiment is strengthening. Piper Sandler's Harsh Kumar increased his price target for AMD shares yesterday, moving it from $280 to $300 while reaffirming an "Overweight" rating. Kumar's outlook suggests there is further room for appreciation, despite the equity's impressive 77 percent advance during the 2025 calendar year.

This positive shift follows similar confidence from other institutions. Morgan Stanley has identified AMD as a top pick for the current reporting season. In a research note published Monday, analyst Joseph Moore maintained the firm's $260 price target, citing the company's advantageous position in a tight processor supply environment.

Server Demand and Competitive Dynamics Provide Tailwinds

The ongoing surge in demand for data center and artificial intelligence hardware continues to benefit the sector. Moore highlighted that AMD stands as a primary beneficiary of constrained processor supply, particularly within the server market. He anticipates strong quarterly figures, bolstered by persistent manufacturing issues at Intel that are likely to allow AMD to capture additional market share.

This competitive contrast is stark. While AMD receives supportive analyst commentary, Intel shares have recently faced substantial volatility, plummeting nearly 17 percent in a single trading session.

The Upcoming Financial Calendar

All eyes are on the official figures, scheduled for release after the market closes on Tuesday, February 3. AMD will disclose its results for the fourth quarter and the full 2025 fiscal year. Company management is set to host a conference call at 5:00 p.m. EST (11:00 p.m. CET) to discuss the performance.

Following this pivotal event, the next strategic insight is slated for March 3, when Chief Technology Officer Mark Papermaster is scheduled to present at a Morgan Stanley technology conference.