Advanced Micro Devices (AMD) Receives Price Target

Advanced Micro Devices (AMD) : The highest short term price target forecast on Advanced Micro Devices (AMD) is $9 and the lowest target price is $2. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $5.43 with a standard deviation of $2.55.

Advanced Micro Devices (AMD) : The consensus on Advanced Micro Devices (AMD) based on 17 analyst recommendation on the company stock is 2.55, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Advanced Micro Devices (AMD).


Also, Brokerage firm Credit Suisse maintains its rating on Advanced Micro Devices (NASDAQ:AMD). As per the latest information, the brokerage house raises the price target to $5.5 per share from a prior target of $3.5. The shares have been rated Underperform. The rating by the firm was issued on July 22, 2016.

Advanced Micro Devices (NASDAQ:AMD): The stock opened at $7.18 on Thursday but the bulls could not build on the opening and the stock topped out at $7.44 for the day. The stock traded down to $7.09 during the day, due to lack of any buying support eventually closed down at $7.35 with a loss of -0.68% for the day. The stock had closed at $7.40 on the previous day. The total traded volume was 22,284,592 shares.

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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