Analysis of AMD Stock Performance and Potential for 2024
Wednesday, 17 April 2024, 16:02
AMD Stock Performance Overview
Advanced Micro Devices (AMD) has experienced a mixed year-to-date performance in 2024, with a noticeable surge followed by a correction period. Despite fluctuations, the stock has shown a 15.62% increase since the start of the year.
Analyst Ratings
- Analyst Consensus: Majority of analysts rate AMD as a 'strong buy' with an average 12-month price target at $202.32, indicating a potential upside of over 25%.
- HSBC Upgrade: On April 16, HSBC upgraded AMD from 'hold' to 'buy' with a price target of $225, citing positive market position and AI revenue guidance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.