- HSBC's upgrade of AMD to "Buy" has spurred investor interest, driving the stock up by 6.78%.
- Analyst forecasts present a mixed outlook, indicating potential volatility.
- GuruFocus' GF Value points to a potential upside of 14.7%, signaling long-term growth possibilities.
Advanced Micro Devices (AMD, Financial) experienced a notable stock surge of 6.78% following HSBC's upgrade to a "Buy" rating. The upgrade was largely attributed to AMD's competitive pricing strategy for its newly launched MI350 series. HSBC also significantly increased its price target for AMD from $100 to $200, demonstrating robust confidence in the company's market position and future prospects.
Wall Street Analysts Forecast
In examining the one-year price targets provided by 41 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is set at $137.79. This includes a high estimate of $200.00 and a low estimate of $95.00. The average target suggests a potential downside of 5.89% from AMD's current trading price of $146.42. Investors seeking more in-depth data can visit the Advanced Micro Devices Inc (AMD) Forecast page.
Analyst Recommendations
Currently, Advanced Micro Devices Inc (AMD, Financial) holds an average brokerage recommendation of 2.1 based on input from 53 brokerage firms, indicating an "Outperform" status. The rating framework spans from 1 to 5, where 1 represents a Strong Buy and 5 represents a Sell. This consensus reflects a positive sentiment among analysts, albeit with some differences in outlook.
GuruFocus GF Value Estimate
According to estimates by GuruFocus, the projected GF Value for Advanced Micro Devices Inc (AMD, Financial) in the upcoming year is $167.94. This suggests a promising upside of 14.7% from the current stock price of $146.42. The GF Value is an estimation of the stock's fair trade value, taking into account historical trading multiples, past business growth, and anticipated future performance metrics. For a comprehensive analysis, investors are encouraged to explore the Advanced Micro Devices Inc (AMD) Summary page.
