Advanced Micro Devices (AMD) Stock Forecast & Price Target

$134.08 -3.64 (-2.64%)

(As of 01:03 PM ET)

Advanced Micro Devices - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 32 Analyst Ratings

Sell
0

Hold
3

Buy
29

Based on 32 Wall Street analysts who have issued ratings for Advanced Micro Devices in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 32 analysts, 3 have given a hold rating, 28 have given a buy rating, and 1 has given a strong buy rating for AMD.

Consensus Price Target

$192.79
43.79% Upside

According to the 32 analysts' twelve-month price targets for Advanced Micro Devices, the average price target is $192.79. The highest price target for AMD is $250.00, while the lowest price target for AMD is $145.00. The average price target represents a forecasted upside of 43.79% from the current price of $134.08.

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AMD Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	28 Buy rating(s)	27 Buy rating(s)	28 Buy rating(s)	18 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$192.79	$195.00	$193.45	$134.77
Forecasted Upside	43.79% Upside	21.94% Upside	32.96% Upside	10.46% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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AMD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Advanced Micro Devices Stock vs. The Competition

Type	Advanced Micro Devices	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.94	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	42.92% Upside	280.48% Upside	6.30% Upside
News Sentiment Rating	Positive News See Recent AMD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $200.00	+34.59%
10/30/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$210.00 ➝ $200.00	+33.64%
10/30/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$180.00 ➝ $180.00	+20.18%
10/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$200.00 ➝ $180.00	+19.68%
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $205.00	+35.75%
10/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$193.00 ➝ $198.00	+31.12%
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10/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $170.00	+12.58%
10/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$178.00 ➝ $169.00	+1.65%
10/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$210.00 ➝ $185.00	+11.28%
10/28/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$250.00 ➝ $250.00	+57.33%
10/11/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $200.00	+19.12%
10/3/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$180.00 ➝ $180.00	+10.73%
8/20/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
7/31/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ramel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/31/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$200.00 ➝ $200.00	+38.23%
7/31/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$200.00 ➝ $200.00	+38.06%
7/31/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$162.00 ➝ $156.00	+3.77%
7/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$200.00 ➝ $175.00	+26.41%
7/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$190.00 ➝ $205.00	+13.28%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$230.00 ➝ $220.00	+23.12%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$200.00 ➝ $190.00	+25.07%
5/7/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$190.00	+21.97%
5/1/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$235.00 ➝ $215.00	+45.75%
4/16/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$180.00 ➝ $225.00	+40.34%
1/31/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$195.00	+16.10%
1/31/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$157.00 ➝ $180.00	+4.61%
1/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$115.00 ➝ $180.00	+4.61%
1/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Outperform	$190.00 ➝ $195.00	+9.66%
1/24/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$215.00	+27.66%
1/8/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$188.00	+26.57%
12/7/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$145.00	+14.94%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$150.00	+28.83%
6/15/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$100.00 ➝ $170.00	+33.51%
6/14/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$100.00 ➝ $158.00	+26.88%
6/14/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ambrish Srivastava Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$110.00 ➝ $150.00	+20.45%
6/14/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$80.00 ➝ $110.00	-11.67%
5/3/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$90.00 ➝ $96.00	+27.74%
1/24/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$95.00 ➝ $80.00	+4.53%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:18 PM ET.

Should I Buy Advanced Micro Devices Stock? AMD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Advanced Micro Devices pros and cons to contact@marketbeat.com.

Advanced Micro Devices
Bull Case

Here are some ways that investors could benefit from investing in Advanced Micro Devices, Inc.:

The company reported a strong quarterly revenue of $6.82 billion, exceeding the consensus estimate, indicating robust demand for its products.
Advanced Micro Devices, Inc. achieved earnings per share (EPS) of $0.92, matching analyst expectations, which reflects stable profitability.
With a market capitalization of $222.67 billion, the company is well-positioned in the semiconductor industry, suggesting a strong market presence.
The current stock price is $137.21, which may present a buying opportunity for investors looking for growth potential, especially considering the twelve-month high of $227.30.
Analysts have a consensus price target of $192.79, indicating potential upside from the current stock price, which could attract investors seeking capital appreciation.

Advanced Micro Devices
Bear Case

Investors should be bearish about investing in Advanced Micro Devices, Inc. for these reasons:

The stock has a high P/E ratio of 122.22, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
Recent insider selling, including significant sales by the CEO and EVP, may raise concerns about the company's future prospects and management confidence.
The company has a beta of 1.71, indicating higher volatility compared to the market, which could pose risks for risk-averse investors.
Despite a strong revenue increase of 17.6% year-over-year, the net margin of 7.52% suggests that profitability may be under pressure, which could affect future earnings.
Analysts have mixed ratings, with one sell rating and three hold ratings, indicating uncertainty about the stock's performance moving forward.

AMD Forecast - Frequently Asked Questions

: According to the research reports of 32 Wall Street equities research analysts, the average twelve-month stock price forecast for Advanced Micro Devices is $192.79, with a high forecast of $250.00 and a low forecast of $145.00.
: 32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Advanced Micro Devices in the last year. There are currently 3 hold ratings, 28 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMD shares.
: According to analysts, Advanced Micro Devices's stock has a predicted upside of 43.79% based on their 12-month stock forecasts.
: Over the previous 90 days, Advanced Micro Devices's stock had 1 upgrade by analysts.
: Advanced Micro Devices has been rated by research analysts at Bank of America, Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Evercore ISI, Morgan Stanley, Piper Sandler, Rosenblatt Securities, Roth Mkm, TD Cowen, and UBS Group in the past 90 days.
: Analysts like Advanced Micro Devices more than other "computer and technology" companies. The consensus rating score for Advanced Micro Devices is 2.94 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how AMD compares to other companies.

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This page (NASDAQ:AMD) was last updated on 11/27/2024 by MarketBeat.com Staff

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Advanced Micro Devices (AMD) Stock Forecast & Price Target