Cantor Fitzgerald Reaffirms Buy Rating for AMD with $700 Target
Cantor Fitzgerald maintains its buy rating on AMD, setting a $700 price target, a 23.92% upside from the current price.
Key Points
- Cantor Fitzgerald reiterated its buy rating on Advanced Micro Devices, Inc. (AMD) with a $700 price target on June 29, 2026.
- Cantor Fitzgerald's $700 price target implies 23.92% upside from Advanced Micro Devices, Inc.'s ($AMD) current $564.89 share price.
- Shares of AMD traded near $521.58 on Monday, with a market cap of $850.5 billion and a P/E ratio of 172.14.
- Insider transactions in June included planned sales by CTO Mark Papermaster and purchases by EVP Philip Guido.
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Cantor Fitzgerald reiterated its buy rating for Advanced Micro Devices, Inc. (NasdaqGS: AMD) on June 29, 2026, setting a price target of $700. This reaffirmation by analyst C.J. Muse reflects continued confidence in AMD's growth prospects.
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Analysts Set New Price Targets
On June 29, 2026, Cantor Fitzgerald maintained its buy rating on AMD with a $700 price target. UBS also kept its buy rating on June 24 with a target of $670. Earlier in June, Citigroup upgraded AMD to a buy with a target of $575, while B of A Securities maintained a buy rating with a $560 target.
Other Institutional Activity in Advanced Micro Devices
Several major institutional investors have adjusted their stakes in AMD. BlackRock, Inc. trimmed its holdings by 1,954,524 shares, now holding 145,574,284 shares valued at approximately $29.6 billion. Vanguard Capital Management LLC opened a new position with 105,940,266 shares worth $21.6 billion. Geode Capital Management, LLC increased its position by 2,206,241 shares, totaling 39,791,086 shares valued at about $8.1 billion.
Advanced Micro Devices, Inc. Stock Up 21.3%
Shares of AMD traded around $521.58 on Monday. The company boasts a market cap of $850.5 billion and a P/E ratio of 172.14, indicating high investor expectations for growth. AMD's stock has seen a 52-week low of $133.50 and a high of $562.99. The 50-day and 200-day moving averages are $439.12 and $270.47, respectively.
$AMD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Advanced Micro Devices, Inc.
In June, several insider transactions were reported at AMD. On June 15, CTO Mark Papermaster sold 6,000 shares at an average price of $536.33 as part of a planned sale. On the same day, EVP Philip Guido executed a mix of buy and sell transactions, including purchasing 7,495 shares without a specified price as well as selling 2,950 shares at $547.26.
About Advanced Micro Devices
Advanced Micro Devices, Inc., headquartered in Santa Clara, California, is a leading semiconductor company specializing in microprocessors, graphics processing units (GPUs), and data center solutions. The company operates in the data center, client and gaming, and embedded segments, serving a wide range of customers from original equipment manufacturers to cloud service providers. Under the leadership of CEO Dr. Lisa T. Su, AMD employs around 31,000 people globally.
Bottom Line
Cantor Fitzgerald's reiteration of a buy rating and a $700 target for AMD underscores the firm's confidence in the company's future performance. While the stock's current P/E ratio of 172.14 suggests high expectations, AMD's strong position in the semiconductor industry continues to attract investor interest. As always, it's important to remember that analyst ratings are opinions and investors should perform their own research.
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