AMD Stock Pops Alongside a Price Target Increase from a Top Analyst
AMD stock rose 2.33% on Friday, continuing a 115.9% year-to-date rally, driven by strong expectations for upcoming earnings. Analyst Rolland anticipates better results due to increased sales of servers and MI350 GPUs, with earnings set to be reported on November 4. Wall Street estimates adjusted EPS at $1.17 and revenue at $8.75 billion, with AMD likely to exceed these based on its history of beating estimates. The company's performance has been significantly boosted by the AI boom, increasing demand for its components.
Rolland updated his coverage of AMD stock ahead of the semiconductor company's earnings report next week. The analyst has strong expectations for AMD's earnings, including slightly better results based on stronger server and MI350 sales, as well as improved PC sales. The analyst noted that production of the MI350 series GPU is expected to ramp up in the second half of the year.
AMD is set to report earnings results for the third quarter of 2025 after markets close on November 4. Wall Street's estimates include adjusted EPS of $1.17 alongside revenue of $8.75 billion. Based on its earnings history, AMD is likely to beat these estimates. Its EPS has come in above expectations in six of the past eight quarters, while revenue has done so in seven of the past eight quarters.
AMD Stock Movement Today
AMD stock was up 2.33% on Friday, building on a 115.9% rally year-to-date. The stock has also increased 79.64% over the past 12 months. The company's strong performance in 2025 has been fueled by the AI boom, which has boosted demand for its components.
