As Intel Triggers a Major Rally in Semiconductor Companies, DA Davidson Hikes Its AMD Stock Price Target by More Than 70%

Gil Luria of DA Davidson spent a good while watching Advanced Micro Devices (AMD) from the bleachers before deciding the time had come to get off the fence. He flipped his rating from “Neutral” to “Buy” and launched his price target from $220 to $375, a 70.5% leap that earned its place as one of the boldest calls Wall Street served up this year. 

AMD stock took the compliment and ran with it on Friday, April 24, gaining 13.9% intraday to carve out a fresh 52-week high of $352.99. Luria anchored the $375 target to 32 times calendar year 2027 EPS and simultaneously bumped his 2026 revenue estimate by $2 billion and his gross profit estimate by $1.5 billion, clearing both Wall Street consensus and Advanced Micro’s own guidance by a comfortable margin.