- HSBC upgrades AMD to "Buy" with a doubled price target, boosting shares by 4%.
- Analysts predict an average price target for AMD at $133.99, with a broad range from $95 to $200.
- AMD's GF Value suggests a potential 16.58% upside for investors.
Advanced Micro Devices (AMD, Financial) recently experienced a notable 4% increase in early trading, driven by HSBC's decision to upgrade its stock to a "Buy" rating while also doubling its price target to $200. HSBC's optimistic outlook is based on the substantial pricing advantage held by AMD's MI350 series over Nvidia's B200 models, indicating potential growth in AI-related revenues for AMD.
Wall Street Analysts Forecast
According to the one-year price targets from 40 analysts, Advanced Micro Devices Inc (AMD, Financial) holds an average target price of $133.99, with expectations ranging from a high of $200.00 to a low of $95.00. This average target suggests a possible downside of 6.99% from AMD's current market price of $144.06. For more comprehensive estimates, please visit the Advanced Micro Devices Inc (AMD) Forecast page.
The consensus recommendation from 52 brokerage firms places Advanced Micro Devices Inc (AMD, Financial) at an average rating of 2.1, which signifies an "Outperform" status. This rating scale varies from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
According to estimates by GuruFocus, the projected GF Value for Advanced Micro Devices Inc (AMD, Financial) over the next year is $167.94, implying a potential upside of 16.58% from its current price of $144.0599. The GF Value represents GuruFocus' fair value estimate for the stock, calculated based on the historical trading multiples, past growth, and future business performance projections. For further detailed data, refer to the Advanced Micro Devices Inc (AMD) Summary page.
