AMD Stock Price Forecast
Bullish Outlook from Analysts
Strong Predictions for 12-Month Performance
Analysts are optimistic about the future performance of Advanced Micro Devices, Inc. (AMD) stock. According to a survey of 31 analysts, the average 12-month price target for AMD is 193.29, with a low estimate of 120 and a high estimate of 20163. This indicates a bullish outlook for the company's stock in the coming year.
The analysts' forecasts are based on various factors, including the company's strong financial performance in recent quarters, its position in the growing semiconductor industry, and its plans for future expansion. AMD has been benefiting from the increasing demand for chips used in data centers and gaming consoles.
Ongoing Market Momentum
At market open on May 1, 2024, at 12:15 PM EDT, AMD stock was trading at 1215. This represents a slight increase from the previous day's close and indicates continued momentum in the stock's price.
Overall, the analysts' forecasts and the current market performance suggest that AMD stock is well-positioned for continued growth in the coming months.
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