From Nasdaq: 2024-04-08 09:30:10

Wall street analyst recommendations for stocks can impact their prices, like with AMD. Advanced Micro has an Average Brokerage Recommendation (ABR) of 1.33, signaling a strong buy. But, studies show brokerage recommendations aren’t always reliable due to positive bias. Use tools like the Zacks Rank for better guidance in investment decisions.

The Zacks Rank, a reliable stock rating tool, shows Advanced Micro as a Hold. It classifies stocks into five groups from Strong Buy to Strong Sell based on earnings estimates. This contrasts with ABR which solely relies on brokerage recommendations and may not be up-to-date or unbiased. Validate ABR with Zacks Rank for profitable investments.

Looking at Advanced Micro’s earnings estimates, analysts see stable prospects with a consensus estimate of $3.46 for the year. This earns the stock a Zacks Rank of #3 (Hold). Considering the steady outlook, caution is advised with the Buy-equivalent ABR for Advanced Micro, guiding toward tempered expectations for the investment.

For potential high-growth stocks under the radar, check out Zacks’ 5 stocks set to double. Get in early for maximum gains, as past picks have had significant increases. Download Zacks’ latest recommendations for the next 30 days, including Advanced Micro, for informed and profitable investment decisions.



Read more at Nasdaq: Wall Street Analysts Think Advanced Micro (AMD) Is a Good Investment: Is It?