A Closer Look at 17 Analyst Recommendations For Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has received mixed analyst ratings over the past quarter, with a total of 10 bullish, 6 somewhat bullish, and 1 indifferent rating. The average 12-month price target for AMD is $144.59, with a high estimate of $200.00 and a low estimate of $98.00, marking a 2.79% increase from the previous average target of $140.67. Analysts from firms such as Melius Research, Mizuho, Keybanc, Goldman Sachs, B of A Securities, Rosenblatt, Stifel, Raymond James, Roth MKM, UBS, Truist Securities, Barclays, Wedbush, and Morgan Stanley have provided various actions ranging from maintaining to raising and lowering their ratings and price targets for AMD.
January 08, 2024 | 1:00 pm
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Advanced Micro Devices has seen a variety of analyst ratings with an updated average price target of $144.59. The ratings and price targets suggest a cautiously optimistic outlook from the financial community.
The diversity in analyst ratings and the slight increase in the average price target suggest that while there is optimism about AMD's future performance, there is also caution due to the mixed nature of the ratings. The short-term impact is likely to be positive as the average price target has increased, indicating an overall bullish sentiment among analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100