AMD Stock Potential: A Deep Dive into Analyst Projections
Friday, 19 April 2024, 10:10
AMD Stock Analysis
One scenario could put the stock price at over $400 within the next three years. Shares of Advanced Micro Devices (NASDAQ: AMD) are well off their previous high of $227, but most Wall Street analysts remain optimistic about the stock's upside potential.
Analyst Projections
- TD Cowen raised AMD's price target to $200, implying a 29% upside.
- The focus is on strong data center chip demand driven by MI300 technology.
- Long-term, earnings per share could reach $10 by 2027, potentially pushing the stock price over $400.
Before investing, consider the potential for substantial gains and the data center chip segment's growth prospects.
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.