Short Term Price Target on Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ:AMD) : Currently there are 14 street experts covering Advanced Micro Devices (NASDAQ:AMD) stock. The most bullish and bearish price target for the stock is $6 and $2 respectively for the short term. The average price target of all the analysts comes to $3.64. The estimated standard deviation from the target is $1.72.

Advanced Micro Devices, Inc. has dropped 1.34% in the last five trading days, however, the shares have posted positive gains of 16.03% in the last 4 weeks. Advanced Micro Devices, Inc. is up 81.63% in the last 3-month period. Year-to-Date the stock performance stands at 79.09%. Also, In the latest statement by the brokerage house, Canaccord Genuity upgrades its outlook on Advanced Micro Devices (NASDAQ:AMD). Previously, the company had a rating of Hold. The brokerage firm raises the price target from $3.25 per share to $6 per share. The rating by the firm was issued on June 16, 2016.

Advanced Micro Devices (NASDAQ:AMD) : Zacks Investment Research ranks Advanced Micro Devices (NASDAQ:AMD) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.65, which indicates as a Hold.

Advanced Micro Devices (NASDAQ:AMD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.13 and $4.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.14, notching a gain of 0.19% for the day. The total traded volume was 26,124,847 . The stock had closed at $5.13 on the previous day.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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