Should I hold or sell AMD stock?
Advanced Micro Devices has 27.35% upside potential, based on the analysts' average price target. Is AMD a Buy, Sell or Hold? Advanced Micro Devices has a consensus rating of Strong Buy which is based on 29 buy ratings, 7 hold ratings and 0 sell ratings.
Is AMD stock a Buy, Sell or Hold? AMD stock has received a consensus rating of buy.
Stock Price Forecast
The 29 analysts with 12-month price forecasts for AMD stock have an average target of 198.31, with a low estimate of 145 and a high estimate of 265. The average target predicts an increase of 30.83% from the current stock price of 151.58.
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.
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.
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%.
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 809.44 | 355.89% |
| 2028 | $ 1,342.16 | 655.93% |
| 2029 | $ 2,225.49 | 1,153.44% |
| 2030 | $ 3,690.17 | 1,978.38% |
The forecasted AMD price at the end of 2024 is $186 - and the year to year change +26%. The rise from today to year-end: +13%. In the middle of 2024, we expect to see $173.
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.
Based on 35 Wall Street analysts offering 12 month price targets for Advanced Micro Devices in the last 3 months. The average price target is $191.57 with a high forecast of $235.00 and a low forecast of $140.00. The average price target represents a 5.29% change from the last price of $181.94.
Is AMD a long-term investment?
Investors shouldn't expect any short-term gains from the stock. Purchasing AMD is suitable only for those with a long-term investment horizon. The Motley Fool has positions in and recommends Advanced Micro Devices, Microsoft, and Nvidia.
AMD's share price dropped after the company's fiscal first-quarter earnings report failed to meet Wall Street expectations. That reaction may be overblown. AMD achieved $5.5 billion in Q1 revenue, up 2% year over year. The company previously forecast first-quarter revenue of about $5.4 billion in its outlook.
AMD - 41 Year Stock Price History | AMD
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 16, 2024 is 177.55. The all-time high AMD stock closing price was 211.38 on March 07, 2024.
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 %.
| High | $250.00 |
|---|---|
| Low | $125.00 |
| Average | $191.62 |
| Current Price | $159.43 |
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?
Advanced Micro Devices's current price is $183.96. Its book value per share for the quarter that ended in Mar. 2024 was $34.73.
Stock split history for AMD (AMD)
The most recent stock split occurred on August 22nd, 2000. One AMD share bought prior to October 24th, 1980 would equal to 12 AMD shares today.
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.
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.
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.
AMD stock has an IBD Relative Strength Rating of 93 out of 99. The Relative Strength Rating shows how a stock's price performance stacks up against all other stocks over the last 52 weeks. The best growth stocks typically have RS Ratings of at least 80. AMD stock carries an IBD Composite Rating of 94 out of 99.
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.
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.
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.
