- TD Cowen analysts have adjusted AMD's price target to $100, reflecting challenges and general negative sentiment in the semiconductor industry.
- Despite this, AMD stock has seen a rise, driven by a broader rally in the tech sector.
- Analysts predict an average price target of $145.65 for AMD, indicating a significant potential upside.
In a noteworthy move, analysts at TD Cowen lowered the price target for Advanced Micro Devices (AMD, Financial) from $135 to $100. This adjustment underscores specific challenges within AMD and mirrors the broader negative sentiment surrounding the semiconductor industry. Despite this change, AMD's stock has shown resilience, partaking in a broader tech sector rally that has buoyed investor confidence.
Analysts' Forecast for AMD
According to projections from 40 financial analysts, Advanced Micro Devices Inc (AMD, Financial) has an average one-year price target of $145.65. This reflects an ambitious high estimate of $225.00 and a conservative low estimate of $90.00. Compared to the current trading price of $82.12, this average target price suggests a potential upside of 77.36%. For more in-depth analysis and data, visit the Advanced Micro Devices Inc (AMD) Forecast page.
Brokerage Recommendations
Drawing from 50 brokerage firms' consensus, AMD holds an average recommendation of 2.3 on a scale where 1 signifies a Strong Buy and 5 a Sell, indicating an "Outperform" rating. This positions AMD as a noteworthy contender in the tech market, despite recent target adjustments.
GF Value Estimation
GuruFocus offers valuable insights with its estimated GF Value for AMD, projecting it at $164.43 in one year. This estimate highlights a promising upside of 100.23% from the current price of $82.12. The GF Value is calculated based on historical trading multiples, past business growth, and future business performance predictions. For further details, explore the Advanced Micro Devices Inc (AMD, Financial) Summary page.
