Citi resets AMD stock price target on key move
Key takeaways
- Citi analyst Atif Malik upgraded AMD to Buy from Neutral and raised his price target to $575 from $460, and shares jumped 4.73% the same day, according to Stocktwits.
- The new target implies more than 17% upside from Thursday's close.
- In practice, that means two things changed: Malik now believes AMD's graphics chip business is worth far more than the market is pricing in, and he raised his long-term forecast for the entire CPU market on top of that.
Citi resets AMD stock price target on key move Hillary Remy Sun, June 14, 2026 at 2:38 AM GMT+7 5 min read AMD C For months, one of Wall Street's most closely watched chip analysts held a skeptical line on AMD while the stock rode the broader AI rally. On June 12, that changed. Citi analyst Atif Malik upgraded AMD to Buy from Neutral and raised his price target to $575 from $460, and shares jumped 4.73% the same day, according to Stocktwits.
The new target implies more than 17% upside from Thursday's close. Citi's reasoning, in the bank's own words, was "increased conviction in AMD's GPU business and server CPU tailwinds."
In practice, that means two things changed: Malik now believes AMD's graphics chip business is worth far more than the market is pricing in, and he raised his long-term forecast for the entire CPU market on top of that.