Wedbush Securities has revised its price target for Advanced Micro Devices (AMD, Financial), lowering it from $150 to $115. Despite this adjustment, the firm maintains an Outperform rating on the stock. The decision to decrease the target price reflects a more cautious outlook on AMD's data center GPU segment, with projections now indicating a stable quarterly run rate through 2025, rather than previous growth expectations.
Additionally, Wedbush has scaled back its anticipations in other business areas by several percentage points, aligning with broader macroeconomic challenges. This recalibration suggests a more conservative approach as the firm navigates through a softer market environment impacting technology sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is $139.22 with a high estimate of $225.00 and a low estimate of $90.00. The average target implies an upside of 61.40% from the current price of $86.26. More detailed estimate data can be found on the Advanced Micro Devices Inc (AMD) Forecast page.
Based on the consensus recommendation from 50 brokerage firms, Advanced Micro Devices Inc's (AMD, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc (AMD, Financial) in one year is $162.68, suggesting a upside of 88.59% from the current price of $86.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Micro Devices Inc (AMD) Summary page.
