AMD’s 52-week high is $59.27. At this closing price, the company’s market capitalization is about $56.3 billion. Even if the overall PC market remains flat, AMD’s strategy is to gain market share. 35 Wall Street analysts have issued 12 month price targets for Advanced Micro Devices' stock. The information and content are subject to change without notice. The Warning Sign to Leave an Indoor Restaurant. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor companies. The AMD Analyst: Mark Lipacis has a Buy rating and $95 price target for AMD shares, with the bull-case scenario suggesting a price target of $135. AMD Stock Rises Due to Analyst Upgrade: Will It Continue? The average 12-month price target is $51.97, below the current price. The Apple iPhone... 4:25 AM ET The stock market rally is the best of both worlds, so investors should hit the ground running. Show full articles without "Continue Reading" button for {0} hours. Renowned trader and analyst @traderstewie says he holds an open position in AMD, a semiconductor company that develops computer processors and related technologies for business and consumer markets. “Milan allows us to go into the bulk and almost all of the server space.”. AMD Stock Fell Due to Disappointing Guidance, A Look at Apple’s Historical and Expected Revenue Growth, Only 6% of Smart Speaker Users Control Smart Home Devices. According to a recent 13F filing, Warren Buffett increased Berkshire Hathaway’s (BRK-B) stake in Apple (AAPL). On the stock market today, AMD stock dipped 0.2% to close at 39.62. Bank of America this week reiterated its Buy rating for AMD. Kumar sees “a tremendous growth opportunity for both gaming and data center GPUs over the next five years.” The company has created two GPU development tracks, one focused on gaming and the other on data centers. Deutsche Bank raised its target price on the stock from $42 to $50, while Piper Sandler raised it from $56 to $58. The lingering impacts of the coronavirus pandemic should boost gaming sales. Despite Reaching Price Target, AMD Stock Could Still Grow. In the fourth quarter of 2019, AMD reported an adjusted EPS of $0.32 on net revenue of $2.13 billion. Get the latest Advanced Micro Devices Inc AMD detailed stock quotes, stock … Those chips are gaining market share in cloud data centers, Gerra said. AMD expects data centers to eventually account for about 30% of its business. It broke out of a second-stage cup base at a buy point of 35.65 on Nov. 4. AMD's price target was raised to $100 from $90 per share, representing 20% upside from the stock's previous closing price. 8 out of 31 stocks on IBD's Electronics-Semiconductor Fabless industry group. “In addition, as the holidays approach there will likely be a flood of publicity to stoke demand.”. According to a MarketWatch report, “Overall, AMD looks to be going for a growth play with a 20% CAGR commitment, a massive uptick over the 14% CAGR the past 5 years.” The report also said, “Most of that growth will come from data center CPUs and GPUs.”, According to the latest recommendations from 39 brokerage firms surveyed by Reuters, 15 or ~38.4% of the analysts recommend a “buy” for the stock, 23 or ~59.0% recommend a “hold,” and one or ~2.6% recommend a “sell.”. Connect with friends faster than ever with the new Facebook app. ALSO READ: Is It Too Late to Get Into Nvidia Stock? According to a report from TheFly, the analyst cited “a multiyear product road map in place and a line of sight to continued material topline and EPS growth. Sign up today! As of 2020 October 09, Friday current price of AMD stock is 86.090$ and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception).. Advanced Micro Devices stock price as been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. Nomura Instinet analyst David Wong also reiterated a “buy” rating with a target price of $58. The lowest target price estimate is $8, while the highest is $66.00. Get top-quality trade ideas at the push of a button with the IBD Stock Screener. The consensus target price for the stock has risen from $48.19 in February—a rise of 2.7%. The average price target is $0.00 with a high estimate of $0.00 and a low estimate of $0.00. However, Gerra lowered his estimates for AMD's first quarter in fiscal 2020 to reflect a continued below-seasonal outlook for its semi-custom chip business. The high price target for AMD is $110.00 and the low price target for AMD is $40.00. Advanced Micro Devices should see continued gains in PCs, pushing its market share in that area to the mid-20% range, RBC analyst Mitch Steves says, lifting his price target 19%. Get these newsletters delivered to your inbox & more info about our products & services. Get market updates, educational videos, webinars, and stock analysis. According to analysts’ consensus, AT&T (T) has a target price of $33.81—compared to its current market price of $31.09. © 2000-2020 Investor's Business Daily, Inc. All rights reserved. The stock has 19 Buy recommendations, 14 Holds and one Sell. Bank of America Merrill Lynch is getting more bullish on AMD shares, even after the stock's stunning performance this year.. Best Growth Stocks To Buy And Watch: See Updates To IBD Watchlists, How To Find The Best Stocks To Buy Like Apple, Amazon? GPUs are now critical elements of advanced computing. But Kumar sees growth potential with chips for laptops. AMD’s 52-week high is $59.27. “I truly believe that with Milan coming to the fall, 2020 is an inflection year for the server business,” Kumar said. “We are conservatively modeling console revenue to be a little over $1 billion in CY20.” In fact, Northland thinks demand will remain strong going into 2021.

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