Fintel reports that Bernstein has upgraded Advanced Micro Devices (NasdaqGS:AMD) from “Market Perform” to “Outperform” as of May 6, 2026. The average one-year price target for AMD is projected at $293.51 per share, which indicates a potential downside of 17.38% from its latest closing price of $355.26 per share. The annual revenue projection for AMD is $31.08 billion, reflecting a decrease of 17.01%.
Institutional ownership of AMD has seen a drop, with 3,169 funds reporting positions, a decline of 563 (15.09%) from the previous quarter. Total shares owned by institutions decreased by 6.47% to 1,094,524,000 shares. The put/call ratio stands at 1.04, suggesting a bearish outlook.
Several firms have increased their holdings in AMD, including J.P. Morgan Chase, which raised its stake by 113.83% to 20.91 million shares, and Norges Bank, which acquired 23.02 million shares, marking a 100% increase. Geode Capital Management and Price T. Rowe Associates also increased their allocations.
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