Wall Street analysts have a positive outlook on Advanced Micro Devices stock.

From Nasdaq: 2025-02-03 12:07:49

Advanced Micro Devices, Inc. (AMD) is a semiconductor company with a market cap of $188.2 billion, known for microprocessors, chipsets, and graphics products. AMD stock has underperformed the S&P 500, down 32.6% in the past year. Despite this, the iShares Semiconductor ETF (SOXX) has gained 10% over the same period.

Challenges like competition from China’s DeepSeek AI model and gaming industry struggles have impacted AMD’s performance. However, in Q3, AMD beat earnings expectations with $0.92 EPS and $6.8 billion in revenue, leading to a 3% stock price increase. Analysts predict a 27.6% growth in EPS for 2024 and maintain a “Strong Buy” consensus.

Analyst Aaron Rakers from Wells Fargo maintains a “Buy” rating on AMD with a $165 price target, suggesting a 42.3% upside. The mean price target of $171.92 represents a 48.3% premium, while the highest target of $250 indicates a potential 115.6% increase. The views expressed are solely for informational purposes.



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