Analyst Ratings Coverage:
Stifel Nicolaus:
- Recommendation: Stifel Nicolaus has reiterated its “Buy” rating for Advanced Micro Devices (AMD).
- Target Price: The analyst has set a target price of USD 145.
- Date of Reiteration: This reaffirmation was made on December 7, 2023.
- Analysis: Stifel Nicolaus continues to express a positive outlook on AMD, suggesting that the company’s stock is poised for growth. The “Buy” rating indicates confidence in AMD’s future performance, and the specified target price of USD 145 serves as a benchmark for potential appreciation in the stock value.
Rosenblatt Securities:
- Recommendation: Rosenblatt Securities has reiterated an “Outperform” rating for AMD.
- Target Price: The analyst has set a target price of USD 200.
- Date of Reiteration: This endorsement was made on December 7, 2023.
- Analysis: Rosenblatt Securities maintains a bullish stance on AMD, expecting the company to outperform market expectations. The “Outperform” rating signals optimism about AMD’s competitive strength in the semiconductor industry. The target price of USD 200 reflects a particularly positive outlook for potential stock appreciation.
Raymond James:
- Recommendation: Raymond James has decided to maintain its “Strong Buy” rating for AMD.
- Target Price: The target price has been adjusted from USD 125 to USD 140.
- Date of Reiteration: This decision was communicated on December 7, 2023.
- Analysis: Raymond James reaffirms a strong conviction in AMD’s prospects by maintaining the “Strong Buy” rating. The adjustment of the target price from USD 125 to USD 140 indicates an upward revision in expectations for AMD’s future stock performance. This rating suggests an exceptionally optimistic outlook for AMD, anticipating significant positive developments in the coming months.
AMD Stock Analysis
Current Stock Price and Performance: As of the latest available data, the stock price of Advanced Micro Devices Inc (AMD) stands at USD 141.21, reflecting a significant increase of 20.88%. This surge in the stock price is a noteworthy development, and investors may find it indicative of positive sentiment or recent positive events surrounding the company.
Analyst Forecasts: An evaluation of the Advanced Micro Devices Inc stock forecast involves insights from 29 analysts. The average analyst target price for AMD over the next 12 months is USD 141.21. This suggests that, based on the collective analysis of these experts, there is an expectation that AMD’s stock could reach or exceed this level within the specified time frame.
Analyst Rating: The average analyst rating for Advanced Micro Devices Inc is classified as “Strong Buy.” This rating is an aggregation of the recommendations provided by the analysts. A “Strong Buy” rating typically indicates a high level of confidence among analysts that the stock is poised for positive performance.
Stock Target Advisor’s Analysis: Stock Target Advisor conducts its own stock analysis, categorizing Advanced Micro Devices Inc as “Neutral.” This classification is derived from an assessment of 6 positive signals and 6 negative signals. It is essential to delve into the specific signals to understand the factors influencing this neutral classification, providing investors with additional perspectives for consideration.
Recent Stock Performance: At the last closing, Advanced Micro Devices Inc’s stock was valued at USD 116.82. Tracking recent performance trends, the stock has experienced fluctuations, including a decrease of -5.68% over the past week. However, the monthly performance indicates a positive shift with an increase of +4.54%, and over the last year, the stock has demonstrated substantial growth, soaring by +66.55%.
