Another Yearly High: Is AMD Stock Set For More Gains Ahead?

Interestingly, in contrast to Mosesmann’s bullish stance, the Street is lukewarm at present regarding the chip giant’s prospects. Based on 21 analysts tracked by TipRanks in the last 3 months, 12 rate AMD a “buy,” 10 suggest “hold,” and one recommends “sell.” The 12-month average stock-price forecast stands at $36.68, marking an 11% downside from where the stock is currently trading. This could be down to analysts not yet updating their price target or simply down to the fact some might believe AMD has rallied too far this year and is due a pullback sometime soon. Time will tell. 

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(See AMD stock analysis on TipRanks)

Disclaimer: TipRanks is an independent cloud based service that measures and ranks ...

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