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Since the start of the year, AMD stock (NASDAQ: AMD) has lost 17.40% in value and Advanced Micro Devices continues to struggle as February closes out its final trading session.  The Lisa Su-led chipmaker held its Q4 and FY 2024 earnings call on February 4. It saw a double beat — both earnings per share (EPS) and revenues came in above consensus estimates. However, data center revenue came in significantly below forecasts.  In the aftermath, the price of AMD shares decreased by 10.7% in a day. Although analysts generally revised their price targets downward, Wall Street’s reaction was not as negative as the pullback would suggest. By press time on February 28, the price of AMD stock had decreased to $99.57, marking an 8.61% decline over the course of the last week and crucially a crash below the $100 psychological level. AMD stock price 1-week chart. Source: Finbold Advanced Micro Devices hasn’t had a true, substantial win in a long time — however, Wall Street seems to have remained bullish, as a substantial majority of analysts maintain a positive outlook. Analysts adjust AMD stock price targets, upside trends up At present, 35 analysts track AMD stock and issue ratings for it. There’s a split at play — but a significant majority of researchers, 25 to be exact, place a ‘Buy’ rating on AMD shares. In contrast, with 11 ‘Hold’ ratings and a single ‘Sell’ rating, outright bearish sentiments are much rarer. The average price target for AMD Shares stands at $147.88, which equates to a 47.76% upside. The Street-high 12-month price forecast of $225 implies a 124.82% upside. AMD stock analyst ratings and price targets. Source: TipRanks Interestingly enough, even the lowest price target, at $110, would still correspond to a 9.91% rally. When comparing average forecasts with early February,…

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Filed under: News - @ February 28, 2025 3:22 pm