Advanced Micro Devices Inc. (AMD) Analysts Trim Targets on Guidance Miss

Analysts think AMD May Be Overvalued by at least 7%

Analyst Ratings Coverage

On November 1, 2023, several financial institutions provided their updated analyst ratings and target price changes for AMD (Advanced Micro Devices Inc.) stock.

Morgan Stanley & Co.:

Maintained their “Overweight” rating on AMD but lowered the target price from USD 138 to USD 128, indicating a positive outlook with a slightly adjusted target.

Mizuho Securities:

Maintained their “Buy” rating on AMD and lowered the target price from USD 140 to USD 130, signifying continued confidence in the stock’s prospects.

Truist Financial:

Lowered their target price for AMD from USD 128 to USD 98 while maintaining their “Hold” rating, possibly reflecting caution regarding the stock’s performance.

Barclays:

Maintained their “Overweight” rating and reduced the target price from USD 145 to USD 120, suggesting a positive view with a slightly adjusted target.

Raymond James:

Maintained their “Strong Buy” rating on AMD but lowered the target price from USD 145 to USD 125, indicating continued bullishness.

Wedbush Securities:

Maintained their “Outperform” rating and lowered the target price from USD 155 to USD 130, still reflecting optimism about the stock’s performance.

AMD Ratings by Stock Target Advisor

AMD Stock Analysis

According to data from a pool of 28 analysts, the average analyst target price for Advanced Micro Devices Inc. (AMD) is projected to be USD 141.95 over the next 12 months, indicating a positive outlook for the company’s stock. The average analyst rating for AMD is not available, possibly due to variations in individual analyst assessments.

Stock Target Advisor’s own analysis of AMD is “Slightly Bullish,” which is based on 7 positive signals and 5 negative signals. This suggests that while there are positive indicators for the stock, there are also some negative factors that warrant attention.

As of the last closing, AMD’s stock price was USD 98.50. It had experienced a slight decline of -3.12% over the past week and a more substantial drop of -4.20% over the past month. However, when looking at the broader picture, the stock has shown significant growth, with a remarkable increase of +64.00% over the last year.

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