Wall Street analyst updates this Nvidia rival stock price target

Group 1 - KeyBanc Capital Markets maintains an 'Overweight' rating on Advanced Micro Devices (AMD) with a price target of $270, indicating a potential upside of approximately 16% from the current price of $231 [1] - The sustained strength in server CPU demand is highlighted as a primary driver, with hyperscaler customers securing capacity through 2026 [1][2] - AMD's latest-generation server platform is reportedly close to fully sold out until the end of 2026, indicating strong demand and tight supply [2] Group 2 - AI-related growth is central to AMD's outlook, with expectations for AI GPU revenue to reach between $14 billion and $15 billion by 2026, driven by cloud and enterprise deployments [2] - The ramp-up of next-generation MI455 GPUs is expected to begin in Q3 2026, with larger-scale Helios rack shipments anticipated in Q4 2026 [3] - Average selling prices are projected to rise by 10% to 15% due to tight supply and strong demand, supporting expectations for better-than-consensus results in Q4 2025 and higher guidance for Q1 2026 [4] Group 3 - Wall Street analysts maintain a bullish consensus on AMD, with 34 analysts rating it as a Strong Buy, including 26 buy recommendations and 8 hold recommendations [6] - The average 12-month price target for AMD is $284.29, suggesting a potential gain of about 19% from the recent price near $238, with the most optimistic forecast reaching $377 [8]