Advanced Micro Devices (AMD) : 17 analysts are covering Advanced Micro Devices (AMD) and their average rating on the stock is 2.55, which is read as a Hold. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Advanced Micro Devices (AMD) : The consensus price target for Advanced Micro Devices (AMD) is $5.91 for the short term with a standard deviation of $2.57. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $2.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Advanced Micro Devices (NASDAQ:AMD). Credit Suisse has a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $5.5 per share from a prior target of $3.5. The rating by the firm was issued on July 22, 2016.
Advanced Micro Devices (NASDAQ:AMD): The stock opened in the green at $6.09 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $6.2 and a low of $5.95 for the day. The stock did not find buyers even at the lows and closed at $6.02 recording a loss of -0.33%. 52,718,477 shares exchanged hands during the trading day. The stock had closed at $6.04 in the previous days trading.
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.