Advanced Micro Devices Stock Predictions Ahead of AI Event
AMD Stock Predictions as AI Event Approaches
As the October 10 artificial intelligence event approaches, Advanced Micro Devices (NASDAQ: AMD) is set to unveil roadmap updates regarding its AI and server CPU advancements, generating optimism among Wall Street analysts for the next 12 months. 31 analysts from leading institutions have predicted an average AMD stock price target of $188.04, indicating a 15% increase from current valuations.
Wall Street Analysts Show Strong Confidence in AMD
- Lowest price target: $150 (-8.03%)
- Highest price target: $220 (+34.90%)
- Analyst sentiment: 25 'buy', 6 'hold', 0 'sell'
Among notable commentators, Vivek Anya from Bank of America reaffirms a buy rating with a $180 target, emphasizing the AI event's potential to reinvigorate AMD stock growth. Similarly, Aaron Rakers from Wells Fargo maintains a buy rating with a target of $205.
Current Market Position for AMD
Currently, AMD shares are priced at $163.09, showcasing a 0.69% gain for the day and an accumulated 15.77% advance over the past month. Experts suggest that AMD is well-positioned for growth, especially within the AI segment.
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.