Advanced Micro Devices, Inc (AMD) has announced that it will release its fiscal second quarter 2026 financial results on Tuesday, Aug. 4, 2026. AMD has been one of the beneficiaries of the ongoing AI boom and analysts have become increasingly optimistic about the company’s growth potential in the field. Let’s discuss if Wall Street analysts will increase AMD’s stock price target before the company’s earnings report next month.
Will Wall Street Raise AMD’s Stock Price Target Ahead Of Earnings Report?
Wall Street analysts had recently raised Micron’s (MU) stock price target ahead of its quarterly earnings report in June 2026. A similar pattern may emerge in the coming weeks for AMD.
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AMD’s stock price target was recently increased by Goldman Sachs from $450 to $640, a 23.7% upside from current levels. Bernstein increased their target to $600, while Wells Fargo increased it from $505 to $615. Among the most optimistic is Cantor Fitzgerald, who projects a target of $700. However, Wall Street’s average price target for AMD is $515.69, which is less than the current price of the stock.
Risks Ahead Of Report
One factor investors should note is that AMD’s earnings report was announced amid rising tensions between the US and Iran. Micron (MU), on the other hand, announced its quarterly earnings during a ceasefire period. The tensions between the two nations may impact Wall Street’s decision. Investors are taking a risk-off approach as tensions flare up in the Middle East and President Trump announcing further military operations. AMD’s supply chain could face challenges amid rising tensions.
Inflation in the US is also significantly higher than the Federal Reserve’s 2% target. Oil prices may rise due to the US-Iran war and it may put additional pressure on the larger economy. There is a chance that the Federal Reserve will raise rates later this year. A rate hike may lead to an exodus of investors from the stock market, parking their funds in safe havens like gold. Such a development may hurt AMD’s stock price.
