Analyst Rating Update on Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) : Zacks Investment Research ranks Advanced Micro Devices (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. 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 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.66, which indicates as a Hold.

Advanced Micro Devices (AMD) stock is expected to deviate a maximum of $2.16 from the average target price of $4.88 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $2.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Credit Suisse maintains its rating on Advanced Micro Devices (NASDAQ:AMD).The analysts at the brokerage house have a current rating of Underperform on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $3.5 per share to $5.5 per share. The rating by the firm was issued on July 22, 2016.


Advanced Micro Devices (NASDAQ:AMD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.18 and $6.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.30, notching a gain of 0.64% for the day. The total traded volume was 23,790,651 . The stock had closed at $6.26 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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