Advanced Micro Devices (AMD) closed higher than S&P 500, analysts optimistic on potential stock performance

From Nasdaq: 2024-06-27 17:45:20

In the recent trading session, Advanced Micro Devices (AMD) closed at $159.47, up by 1.23%, outperforming the S&P 500. AMD shares had lost 4.6% in the past month. Analysts project an EPS of $0.66 and revenue of $5.71 billion, with a full-year projection of $3.41 EPS and $25.29 billion revenue.

Positive estimate revisions for AMD reflect analyst optimism and potential stock price performance. The Zacks Rank, ranging from #1 (Strong Buy) to #5 (Strong Sell), currently rates AMD as #3 (Hold). An average annual return of +25% has been recorded for #1 stocks since 1988.

AMD’s valuation shows a Forward P/E ratio of 46.19, higher than the industry average. The PEG ratio, standing at 1.39, incorporates expected earnings growth. The Electronics – Semiconductors industry, where AMD belongs, has a Zacks Industry Rank of 157, placing it in the bottom 38%.

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Disclaimer: The views expressed are those of the author and not Nasdaq, Inc. For more information on AMD and stock market news, visit Zacks.com.



Read more at Nasdaq: Advanced Micro Devices (AMD) Outpaces Stock Market Gains: What You Should Know