Goldman Sachs Raises AMD Price Target for 2026

Goldman Sachs raised its price target for Advanced Micro Devices (AMD) stock in July 2026, according to a report by TheStreet. The revision comes just days after a similar upgrade from Wells Fargo, as analysts believe the server CPU story is undervalued compared to the GPU narrative.

Recommendation Change

The report did not disclose the previous or new price target in detail, but indicated that Goldman Sachs raised its target for AMD, reflecting a positive outlook for the second half of 2026.

Analyst Rationale

The Goldman Sachs analyst argues that AMD's server CPU story is being undervalued relative to the current focus on GPUs used in AI applications. The analyst expects strong demand for server CPUs to boost AMD's revenue.

Context

The Goldman Sachs upgrade follows a similar move by Wells Fargo earlier in July 2026, which also highlighted AMD's potential in the server market. No immediate stock price reaction was reported.

What to Make of It

The Goldman Sachs upgrade shows growing consensus among analysts that AMD has significant opportunities in the server CPU market, a segment that may be overlooked by investors focused on the GPU race. However, investors should weigh the risks of intense competition from Nvidia and Intel.