On the morning of Monday, July 6, Goldman Sachs (NYSE: GS) analyst James Schneider revised his 12-month forecast for the world’s second-largest semiconductor company, Advanced Micro Devices (NASDAQ: AMD).
According to the report, a Wall Street expert raised the target price for the dram from the previous $450 to $640, maintaining a “Buy” recommendation. Given that the blue-chip producer’s shares are trading at $559.85 at the time of publication, it is likely that the change is primarily aimed at bringing the forecast in line with both actual stock market performance and the ongoing bullish outlook.
The move also represents an important show of confidence amid recent developments in the broader artificial intelligence (AI) space, given that the analyst’s previous note explicitly cited expected tailwinds from agent-based AI and continued demand for GPUs in data centers as reasons for the rally.
Wall Street Sets AMD Share Price Target for the Next 12 Months
In other factors, Goldman Sachs’ latest stock rating for AMD is broadly in line with the Wall Street consensus. The chipmaker in particular is considered a “Strong Buy” overall, according to Finbold’s data from CouncilRanks on July 6, showing that 28 of 35 analysts who expressed an opinion over the past three months considered it so.
Wall Street has set a target price for AMD shares for the next 12 months. Source: TipRanks
However, the average price target gives some room for caution, as it estimates AMD shares will fall 8% to $515.69 over the next 12 months, although notably, James Schneider isn’t the only Wall Street expert who expects a rally instead.
AMD shares will rise by 150% in 2026
Meanwhile, Advanced Micro Devices was one of the best-performing large-cap stocks in the U.S. market in 2026. With a price of $559.85 at the time of publication, shares of the semiconductor giant are 150.53% in the green for the year to date (YTD).
AMD stock price chart since the beginning of the year. Source: Google
Moreover, despite the overall decline in the technology sector in June, AMD shares are up 14.18% over the past 30 days.
Finally, despite the magnitude of its year-to-date growth, the firm led by CEO Lisa Su is not the best-performing semiconductor company of 2026: Shares of President Donald Trump’s administration-backed Intel (NASDAQ: INTC) are up 218.55% since Jan. 2, the first regular session of the year.
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