Key Highlights:
- AMD stock upgraded to "Buy" by HSBC with a revised target price of $200.
- Strong performance anticipated due to robust AI chip sales.
- Average analyst price target suggests a slight downside from current levels.
Advanced Micro Devices Inc. (AMD, Financial) experienced a notable 4% surge in its share price this past Thursday. This uptick was driven by HSBC's decision to upgrade the stock to a "Buy" status and revise the price target to $200, effectively doubling previous expectations. Such optimism stems largely from the impressive pricing power of AMD's new AI chips, the MI350, and encouraging forecasts for the company's burgeoning AI revenue stream.
Wall Street Analysts Forecast
Analyzing the one-year price targets provided by 41 seasoned analysts, Advanced Micro Devices Inc (AMD, Financial) has an average target price of $137.79. These projections span from a high of $200.00 to a low of $95.00. As it stands, the average target indicates a potential downside of 5.89% from the prevailing price of $146.42. For investors needing a deeper dive into these projections, more intricate data is accessible on the Advanced Micro Devices Inc (AMD) Forecast page.
In terms of brokerage sentiment, Advanced Micro Devices Inc’s (AMD, Financial) consensus recommendation from 53 firms is a 2.1, signaling an "Outperform" status. The rating system is structured from 1 to 5, where a 1 denotes a "Strong Buy" and a 5 translates to a "Sell".
Understanding AMD’s GF Value
According to GuruFocus estimations, the projected GF Value for Advanced Micro Devices Inc (AMD, Financial) one year from now is pegged at $167.94. This suggests a promising upside of 14.7% from the current share price of $146.42. The GF Value represents GuruFocus' calculation of what the stock's fair market price should be, derived from historic trading multiples, past growth patterns, and forward-looking business performance expectations. Investors interested in an in-depth analysis can find supplementary data on the Advanced Micro Devices Inc (AMD) Summary page.
