Has AMD stock peaked?
AMD stock, up more than 500% over the past five years, has dropped some 20% since peaking on March 7. What began as a simple decline as the market pulled back following a hot start to 2024 morphed into something more worrisome as quarterly earnings beat by just a penny and guidance was left unchanged.
Based on 36 Wall Street analysts offering 12 month price targets for Advanced Micro Devices in the last 3 months. The average price target is $193.03 with a high forecast of $235.00 and a low forecast of $140.00. The average price target represents a 8.72% change from the last price of $177.55.
According to its 5-year AMD stock forecast, the stock can reach $250,59 in May 2029. As far as an AMD stock forecast for 2030 is concerned, Coincodex has the stock reaching $3,456.98 if it maintains its current 10-year average growth rate.
Analysts estimate AMD will earn $3.41 per share in 2024, up 28% from 2023. Additionally, estimates call for annual earnings growth averaging 33% for the next three to five years, which makes sense if AMD's Data Center and Client units continue to grow and successfully accelerate AMD's broader growth.
Shares of computer processor maker AMD (NASDAQ:AMD) fell 7.7% in the afternoon session after Bloomberg reported that the Biden Administration is planning to implement tighter trade restrictions if semiconductor companies continue granting China access to technologies made in the United States.
Is AMD stock a Buy, Sell or Hold? AMD stock has received a consensus rating of buy. The average rating score is and is based on 84 buy ratings, 14 hold ratings, and 0 sell ratings.
As of 2024-07-19, the Fair Value of Advanced Micro Devices Inc (AMD) is 17.26 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 155.77 USD, the upside of Advanced Micro Devices Inc is -88.9%.
AMD's long-term outlook
For investors thinking long-term, AMD stock holds plenty of promise. The company's CEO, Lisa Su, noted, "we are still in the very early stages of what we believe is going to be a period of sustained growth driven by an insatiable demand for both high-performance AI and general purpose compute."
According to analysts, AMD price target is 191.62 USD with a max estimate of 250.00 USD and a min estimate of 125.00 USD.
But its forward sales multiple of 10 is closer to the five-year average and points toward an improvement in its top line. So, if AMD manages to hit $40 billion in sales in 2026 and trades at 10 times sales at that time, its market cap could increase to $400 billion. That would be a 30% jump from current levels.
Is AMD currently undervalued?
Even after this meteoric rally, AMD looks undervalued based on its future growth potential.
Moreover, shares of AMD are down 20.8% over the past three months, underperforming the broader SPDR NYSE Technology ETF's (XNTK) 3.5% gains over the same time frame. Over the long term, AMD is up 13.2% on a YTD basis, and the stock has soared 34.3% over the past 52 weeks.
AMD Signals & Forecast
The Advanced Micro Devices stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $177.35 and $165.93. A break-up above any of these levels will issue buy signals.
To answer your question - assuming that AMD can keep on innovating and keep on pushing themselves to return around 25% year on year returns, you're looking at 9 years to hit $1000. That is assuming the price follows the returns the company makes exactly. AMD price has been doubling (more or less) since 2017.
According to the latest TipRanks data, approximately 30.73% of Advanced Micro Devices (AMD) stock is held by retail investors. Who owns the most shares of Advanced Micro Devices (AMD)? Vanguard owns the most shares of Advanced Micro Devices (AMD).
The DCF Value of AMD stock (79.16 USD) is 50% less than its price (159.43 USD). AMD stock price (159.43 USD) is 32% less than its Relative Value (235.11 USD). AMD has upside potential of 20% compared to the average analyst price target.
Based on short-term price targets offered by 34 analysts, the average price target for Advanced Micro Devices comes to $197.79. The forecasts range from a low of $140.00 to a high of $265.00. The average price target represents an increase of 24.06% from the last closing price of $159.43.
| High | $250.00 |
|---|---|
| Low | $125.00 |
| Average | $191.62 |
| Current Price | $159.43 |
AMD posted its first quarter of 2024 earnings on April 30. Revenue increased by 2% year over year to $5 billion, beating analysts' expectations by $20 million. The company enjoyed solid gains in its data center and client segments, with revenue soaring 80% and 85% year over year.
Historical daily share price chart and data for AMD since 1983 adjusted for splits and dividends. The latest closing stock price for AMD as of July 18, 2024 is 155.77. The all-time high AMD stock closing price was 211.38 on March 07, 2024.
How much is AMD dividend?
Historical dividend payout and yield for AMD (AMD) since 1997. The current TTM dividend payout for AMD (AMD) as of July 12, 2024 is $0.00. The current dividend yield for AMD as of July 12, 2024 is 0.00%. Advanced Micro Devices offers the industry?
As of 2024-07-20, the Intrinsic Value of Advanced Micro Devices Inc (AMD) is 20.12 USD. This AMD valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 151.58 USD, the upside of Advanced Micro Devices Inc is %.
In the last year, 39 stock analysts published opinions about AMD-Q. 21 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock.
AMD has a solid outlook over the long term, and earnings-per-share (EPS) estimates seem to support this. The table above shows AMD's earnings could hit just above $7 per share over the next two fiscal years. Multiplying this figure by the company's forward price-to-earnings ratio of 55 yields a stock price of $396.
AI chip sales are expected to hit $4 billion this year, surpassing the January 2024 forecast of $3.5 billion. Analysts foresee AMD's EPS reaching $2.62 in fiscal 2024, up 31.7% annually, and rising to $4.40 in fiscal 2025, a 67.9% increase.
