- AMD shares spike 3% following strategic collaboration with Google Cloud.
- Wall Street analysts set a bullish average target price of $145.02 for AMD.
- GuruFocus estimates highlight a potential upswing of over 75% for AMD based on GF Value.
AMD's Strategic Partnership with Google Cloud
Advanced Micro Devices (AMD, Financial) witnessed a 3% boost in their share price following the announcement of an innovative partnership with Google Cloud. This collaboration aims to leverage AMD's fifth-generation EPYC processors to bolster Google's high-performance virtual machines, specifically targeting AI inference and computing tasks. The exciting launch of these new instances is set for a global rollout in 2025.
Wall Street Analysts' Perspective
According to forecasts from 40 analysts, the average price target for Advanced Micro Devices Inc (AMD, Financial) is positioned at $145.02, with projections ranging from a high of $225.00 to a low of $90.00. The average target reveals a promising upside of 55.27% from the current market price of $93.40. For more in-depth estimate data, visit the Advanced Micro Devices Inc (AMD) Forecast page.
Brokerage Recommendations and GF Value Estimate
The consensus recommendation from 50 brokerage firms rates Advanced Micro Devices Inc (AMD, Financial) with an average of 2.3, classifying it as "Outperform." This rating is part of a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
In addition, based on GuruFocus estimates, the anticipated GF Value for AMD within a year stands at $164.25, suggesting an impressive upside potential of 75.86% from its current price of $93.4. The GF Value is GuruFocus' assessment of the fair trading price for a stock, calculated using historical trading multiples, past business growth, and projections of future business performance. Further detailed data can be accessed on the Advanced Micro Devices Inc (AMD, Financial) Summary page.
