- Mizuho Securities increases AMD's price target to $135 amid promising Middle East partnerships.
- Wall Street analysts see potential for AMD, with price targets ranging from $75 to $200.
- GuruFocus estimates a significant upside for AMD based on GF Value metrics.
Mizuho Securities has recently adjusted its price target for Advanced Micro Devices (NASDAQ: AMD) to $135, up from a previous $117. This optimistic revision follows AMD's recent strategic partnerships in the Middle East. Notably, the new $10 billion agreement with HUMAIN, committing to deliver up to 350,000 GPUs over the next five years, signifies robust growth prospects for the company.
Wall Street Analysts Forecast
According to projections by 41 analysts, the average one-year price target for Advanced Micro Devices Inc (AMD, Financial) stands at $128.90. Analysts have set a high target of $200.00 and a low of $75.00, indicating a varied outlook on the stock's performance. The average target suggests a potential upside of 12.16% from AMD's current price of $114.92. Additional detailed projections can be explored on the Advanced Micro Devices Inc (AMD) Forecast page.
Moreover, the consensus recommendation garnered from 52 brokerage firms rates AMD at an average of 2.2, signaling an "Outperform" rating. This recommendation scale ranges from 1, indicating a Strong Buy, to 5, denoting a Sell.
AMD's Valuation and Growth Potential
Based on GuruFocus estimates, the projected GF Value for Advanced Micro Devices Inc (AMD, Financial) in a year's time is calculated at $162.56. This represents a potential upside of 41.45% from the current trading price of $114.92. The GF Value reflects GuruFocus' assessment of AMD's fair market value, taking into account historical trading multiples, past growth, and future business performance estimates. Further insights are available on the Advanced Micro Devices Inc (AMD) Summary page.
