1 Wall Street Analyst Thinks AMD Stock Is Going to $235. Is It a Buy Around $204?
Advanced Micro Devices (NASDAQ: AMD) has been on an incredible winning streak, and some analysts think that the artificial intelligence (AI) stock is poised to move even higher. On Monday, Barclays analyst Tom O'Malley published a note reiterating an overweight rating on AMD and raising the firm's one-year price target on the stock from $200 per share to $235 per share. Based on the stock's current price of price of roughly $235 per share, that would imply additional upside of about 15%.
O'Malley cited stronger-than-expected micro processing unit (MPU) shipments in December. The analyst expects mid-single-digit growth and continued market share gains for AMD's client MPU segment. On the other hand, he anticipates mid-single-digit declines in the server market even though he expects the company to gain market share.
AMD stock is now up roughly 150% over the last year, and much of the excitement has been driven by excitement surrounding the company's opportunities in artificial intelligence. On the other hand, investors should understand that it could take some time for new AI products to begin powering explosive growth.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 36.5% for Advanced Micro Devices Inc. compared to the current price of 128.94 €.
