Goldman Sachs upgraded Advanced Micro Devices (NasdaqGS: AMD) from a “Neutral” to a “Buy” rating on May 6, 2026. The average one-year price target for AMD is currently $293.51 per share, reflecting a 17.38% decrease from its recent closing price of $355.26.
Projected annual revenue for AMD is estimated at $31.08 billion, a decrease of 17.01%. Institutional ownership decreased by 15.09% in the last quarter, down to 3,169 funds reporting positions. Total shares owned by institutions dropped by 6.47% to 1,094,524,000 shares, while the put/call ratio stands at 1.04, indicating a bearish outlook.
Notable shareholders have reported recent increases in their AMD allocations: Geode Capital Management increased its holding by 0.77%, Norges Bank acquired 23 million shares, J.P. Morgan Chase boosted its stake by 35.13%, and Price T Rowe Associates raised its allocation by 0.28%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
