Wedbush Analyst Raises Price Target for AMD
On June 12, 2023, Wedbush analyst Matt Bryson announced that he maintains an Outperform rating on Advanced Micro Devices (AMD) and raises the price target from $95 to $145. This indicates that Wedbush believes that AMD's stock will surpass the overall market and reach a stock price of $145. It is worth noting that Wedbush has been covering AMD with an Outperform recommendation for quite some time.
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What are the predictions for AMD's stock price after the release of the new chip?
According to reports, the average one-year price target for AMD is $100.74, with a range from $67.67 to $210.00. AMD, a chip designer, has been performing well in the semiconductor space, and Wedbush predicts that the company will continue to outperform its peers until at least 2025.
Advanced Micro Devices, Inc. AMD Buy Updated on: 12/06/2023 Financial Health Healthy Debt to equity ratio: Neutral Price to earnings ratio: Strong Buy Price to book ratio: Strong Buy DCF: Strong Buy ROE: Neutral Show more Price Target Current $129.71 Concensus $111.97 Low $65.00 Median $95.00 High $225.00 Show more Social Sentiments 0
Stocktwits Sentiment Show more Analyst Ratings Analyst / firm Rating Matt Bryson
AMD Stock Performance and Analysis on June 12, 2023: Revenue Growth Impressive, P/E Ratio High, and Projected Earnings Growth Rate Strong
On June 12, 2023, AMD stock opened at $128.52, which was higher than the previous day's closing price of $124.95. The stock had a day's range of $127.71 to $129.45 and a volume of 384,393. The market cap of AMD was $201.2B.
Despite the recent decline in earnings growth, AMD's revenue growth has been impressive, with a growth rate of 43.61% in the last year. The projected earnings growth rate for the next five years is +36.00%.
AMD's P/E ratio of 680.0 is much higher than the industry average. The price/sales and price/book ratios of 4.31 and 3.68, respectively, are also higher than the industry averages.
In comparison to other companies in the semiconductor industry, AMD's stock performance on June 12, 2023, was relatively stable.
AMD's next reporting date is August 1, 2023, and the EPS forecast for this quarter is $0.58. The company had an annual revenue of $23.6B and an annual profit of $1.3B in the last year, with a net profit margin of 5.59%.
Overall, while AMD's stock performance on June 12, 2023, was stable, the company's high P/E ratio and price/sales and price/book ratios indicate that the stock may be overvalued. However, the projected earnings growth rate for the next five years is impressive, indicating that investors have high hopes for the company's future.
AMD Stock Performance on June 12, 2023: Analysts Predict Decline but Consensus to Buy Remains Strong
Advanced Micro Devices Inc. (AMD) is a leading semiconductor company that designs and manufactures high-performance computing, graphics, and visualization technologies. In this article, we will take a closer look at the stock performance of AMD on June 12, 2023, based on the information provided by CNN Money.
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What are the other applications that the chip could be used for?
According to CNN Money, the 37 analysts offering 12-month price forecasts for AMD have a median target of $105.00, with a high estimate of $200.00 and a low estimate of $77.00. The median estimate represents a -18.55% decrease from the last price of $128.91.
Despite the predicted decline in stock price, the current consensus among 42 polled investment analysts is to buy stock in AMD. This suggests that the analysts believe that the company has strong growth potential and that the current stock price is undervalued.
Looking at the current quarter, AMD reported earnings per share of $0.58 and sales of $5.3 billion. The company is set to report its next earnings on August 01, 2023.
In conclusion, while the analysts are predicting a decline in the stock price of AMD over the next 12 months, the current consensus among investment analysts is to buy stock in the company. This suggests that the analysts believe that the company has strong growth potential and that the current stock price is undervalued. The strong financial results reported by the company also support this view.