Citigroup Bullish on AMD: Stock Price Target Gets Major Boost

Wall Street wakes up to AMD's dominance—Citigroup just slapped a turbocharged price target on the chipmaker's stock.

Why analysts are betting big

Semiconductor demand isn't slowing down, and AMD's positioning against rivals looks stronger than a Bitcoin maximalist's conviction. Citigroup's move signals confidence in AMD's ability to capitalize on the AI boom and data center expansion—because apparently, throwing 'AI' in your investor deck still prints money in 2025.

The fine print

No specific numbers were disclosed (typical analyst vagueness), but the upward revision suggests Citigroup sees AMD outperforming sector peers. Probably figures retail traders will FOMO in once the algos start buying.

Bottom line: In a market where most price targets are glorified horoscopes, this upgrade actually matters—AMD's executing while others are still PowerPointing their 'transformative blockchain strategies.'

AMD Stock Gets a New Revised Price Target by Citigroup

Citigroup projects that AMD stock could reach a high of $145, it wrote in a recent note to clients. It revised the target from its previous projection of $120. The updated outlook makes the leading GPU Maker among the equities to watch out for this year. The new target comes after the tech giant is in the race to come out on top in the AI technology.

AMD stock price is currently hovering around the $134 range and could surge by 8% if Citigroup’s forecast turns accurate. Therefore, an investment of $1,000 in AMD could turn $1,080, which is decent returns in current times.

Since the Covid-19 lockdowns, AMD has been the highlight of the broader US markets. It has surged by more than 140% in five years and at one point even went above 250%. Both retail and institutional investors, including Citigroup clients, have been chasing returns from the AMD stock.

According to Citigroup, AMD is on the path to generating profits due to an increase in semiconductor earnings in Q2, which could push the stock’s price up. It has also heavily invested in the AI technology to spending a major chunk on research and development. The broader GPU sector is showing signs of a rebound and AMD stock could benefit the most from the development.