Wall Street is quite bullish on Advanced Micro Devices (AMD), with an average stock price target of $497.79. Bernstein, in particular, is quite bullish on AMD, predicting the stock to hit $600. AMD’s positive outlook stems from the ongoing AI stock surge. AMD, along with other industry heavyweights, have seen significant growth over the last few years. Let’s discuss when the asset could reach the $600 target.
When Could AMD Stock Hit The $600 Bernstein Target?
Bernstein’s prediction does not appear of have a fixed date. The firm places its outlook based on AMD’s financial model. Bernstein’s stock price target for AMD seems to follow a 12-month window. As such, the stock price could hit the $600 target sometime in mid 2027.
Bernstein’s prediction depends on AMD maintaining its current trajectory. AMD has displayed big potential for the advent of agentic AI. Agentic AI is more CPU (Central Processing Unit)-focussed than the current GPU (Graphics Processing Unit)-centric model. AMD is one of the few companies with its fingers in both the CPU and GPU market. Once agentic AI takes hold, AMD is expected to become the top company to beat.
Risks You Should Consider
AI stocks have dominated the market in the last few years. AMD, Nvidia (NVDA), Micron (MU), among others, have registered massive returns. However, there are some risks that experts are concerned about.
There have been more and more people rallying behind a potential AI bubble burst. Prominent trader Michael Burry has also said that we are currently in dot com bubble-like scenario. Burry has taken bearish positions agains big tech companies like Nvidia (NVDA). An AI stock bubble burst could spell disaster for AMD.
Also Read: NVIDIA Stock $400 Target: Analysts See Blackwell Driving The Next Surge
Moreover, memory prices have skyrocketed over the last few months. There has also been a lawsuit against the big three memory manufacturers SK Hynix, Samsung, and Micron for allegedly propping up memory prices. The entire industry could take a hit due to high memory prices.