In a recent development, Advanced Micro Devices (AMD, Financial) received an upgrade from Melius Research. The influential analyst, Ben Reitzes, has shifted AMD's rating from 'Hold' to 'Buy'. This marks a significant change in sentiment towards the stock.
The price target for AMD has been raised from $110 to $175, reflecting a notable increase of 59.09%. This adjustment underscores the growing confidence in AMD's market performance and potential future growth.
These changes come amid AMD's ongoing efforts to enhance its product offerings and expand its market presence. Investors are closely monitoring AMD's trajectory as the semiconductor industry continues to evolve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is $131.51 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies an downside of 3.73% from the current price of $136.61. More detailed estimate data can be found on the Advanced Micro Devices Inc (AMD) Forecast page.
Based on the consensus recommendation from 52 brokerage firms, Advanced Micro Devices Inc's (AMD, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc (AMD, Financial) in one year is $165.43, suggesting a upside of 21.1% from the current price of $136.6077. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Micro Devices Inc (AMD) Summary page.
