24/7 Wall St. Issues Hold on AMD With $510.66 Target Citing Valuation Risks

24/7 Wall St. has assigned a Hold rating to Advanced Micro Devices (AMD) with a 12-month price target of $510.66, implying an 8.78% downside from its price of $559.82. The cautious outlook comes despite strong momentum, including a 50.11% year-over-year rise in Q2 FY2026 revenue to $11.54 billion and a 107% jump in Data Center sales to $6.72 billion. However, following a 161.4% year-to-date rally that elevated AMD's trailing price-to-earnings multiple to 211, analysts cited high valuation, supply constraints, export controls, and weak gaming revenue as key headwinds.