Stock Price Forecast The 35 analysts offering 12-month price forecasts for Advanced Micro Devices Inc have a median target of 148.00, with a high estimate of 180.00 and a low estimate of 80.00. The median estimate represents a +26.83% increase from the last price of 116.69.
Is AMD a good stock to buy?
How Its Cloud Exposure Will Drive Growth. Advanced Micro Devices was upgraded to Overweight from Sector Weight with a $155 price target by analysts at KeyBanc, who said the chipmaker was “poised to benefit from robust cloud data center growth in 2022.
What is the future of AMD stock?
Bank of America analyst Vivek Arya expects AMD to corner a 25% share of the server market in 2022, which could give AMD a sizable boost next year and beyond, as the server CPU market is expected to clock $19 billion in revenue by 2023.
What is the price target for AMD?
High $246.00
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Median $148.00
Low $80.00
Average $148.76
Current Price $116.78
Analysts surveyed by FactSet have an average rating on AMD of Overweight with an average price target of $144.97. AMD also is expected to significantly outpace cloud industry growth in 2022, the analysts said. They see meaningful share gains for AMD at Meta Platforms ' (FB) Facebook and Microsoft (MSFT).
Will AMD stock go back up?
Bank of America analyst Vivek Arya expects AMD to corner a 25% share of the server market in 2022, which could give AMD a sizable boost next year and beyond, as the server CPU market is expected to clock $19 billion in revenue by 2023. Additionally, AMD saw stronger average selling prices (ASPs) during the quarter.