Bank of America sees AMD (AMD.US) rising to $300: Analysts see bright growth prospects Analysts events as important catalysts.

Bank of America Corp recently reiterated its "buy" rating on AMD (AMD.US), raising its target price from $250 to $300. Bank of America stated that AMD has the potential to tap into a market opportunity worth hundreds of billions of dollars in the personal computer, server, high-end gaming, deep learning, and related markets, with the company currently holding less than 30% market share in these areas. Bank of America also expressed a positive outlook on the prospects of AMD's MI450 series "Helios" server cabinet set to be released in the second half of 2026, noting support from clients such as Oracle Corporation (ORCL.US), Meta (META.US), and OpenAI. Additionally, analysts have marked November 11th as the next important day to watch closely, believing it to be a significant catalyst for AMD's stock price. Bank of America stated, "Our new target price of $300 is still based on a 33 times expected price-to-earnings ratio for 2027, within the historical range of 14-55 times. The next important catalyst includes the analyst day event taking place on November 11th in New York. Furthermore, we note that as of August, active fund managers have a very low position in AMD, accounting for only about 20% of holdings, with a weight in the S&P 500 index of just 0.16 times, significantly lower than the previous year, while the weights of most large semiconductor peers are at or above market weight (over 1.00 times)."