NASDAQ:AMD Sees Price Target Set to $358 by Evercore ISI Amid Meta Platforms Deal

Font: Financial Modeling Prep  • Feb 24, 2026

• Evercore ISI has set a new price target for NASDAQ:AMD at $358, indicating a potential rise of about 66.92%.
• AMD's recent deal with Meta Platforms, valued at up to $100 billion over five years, involves deploying six gigawatts of custom AMD Instinct MI450 GPUs for data center expansion.
• The strategic partnership with Meta includes warrants for Meta to purchase up to 160 million shares of AMD, highlighting AMD's ambition to challenge Nvidia in the data center GPU market.

NASDAQ:AMD, a leading player in the semiconductor industry, is known for its innovative processors and graphics cards. Recently, Evercore ISI set a new price target for AMD at $358, a significant increase from its current price of $214.48. This target suggests a potential rise of about 66.92%, reflecting optimism about AMD's future prospects.

A major factor contributing to this optimism is AMD's recent deal with Meta Platforms, valued at up to $100 billion over five years. This agreement involves Meta deploying six gigawatts of custom AMD Instinct MI450 GPUs for data center expansion. This collaboration aims to create AI platforms tailored for Meta's needs, strengthening AMD's position in the AI chip market.

The deal with Meta also includes warrants for Meta to purchase up to 160 million shares of AMD, representing about 10% of the company. This strategic move underscores AMD's commitment to challenging Nvidia in the data center GPU market. The demand for AI-capable chips is rising, and AMD is positioning itself to capitalize on this trend.

Following the announcement of the Meta deal, AMD's shares rose by over 7%, reaching approximately $213.36. The stock has seen fluctuations, with a low of $206.51 and a high of $216.70 during the trading day. Over the past year, AMD's stock has ranged from a high of $267.08 to a low of $76.48, reflecting its volatile nature.

AMD's CEO, Lisa Su, emphasized the strategic importance of the partnership with Meta, highlighting the company's focus on AI. This agreement follows a previous deal with OpenAI, further endorsing AMD's capabilities in chips and software. As the AI sector grows, AMD is poised to be a key player, competing with industry leaders like Nvidia.