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Bank of America raises AMD price target to $720, expects AI demand to boost CPU market growth.

Analyst Insights
25 Sep 2026
Finbold
View Source
Bullish
Bank of America raises AMD price target to $720, expects AI demand to boost CPU market growth.

Bank of America analyst Vivek Arya upgraded Advanced Micro Devices' (AMD) price target to $720 by September 2027, anticipating a 14.42% increase from the recent close. The bullish outlook is driven by strong AI-related demand for CPUs and a key infrastructure deal with Anthropic/Akamai. BofA projects the total CPU market to grow from $61 billion in 2026 to $211 billion by 2030, a 245.9% rise. AMD's stock recently surged above $1 trillion market cap, supported by widespread Wall Street 'Strong Buy' ratings and a 181.59% year-to-date gain in 2026.

As of Sep 25, 2026 19:41 WIB, AMD trades at USD 639.00 on Pluang, showing a 1.55% gain for the day and holding a market cap of $1.03 trillion. Despite the Bank of America analyst's bullish price target of $720 by 2027, Pluang data reveals that 74% of current order activity is selling AMD shares. This contrasts with BAC, which trades at USD 56.30 with an 88% buy order activity, highlighting differing investor sentiment between the two stocks.

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