Advanced Micro Devices is holding a score of 1.16 with the beginning weeks of the second quarter of 2019, that way representing a buy, while already going up over its targeted median price as agreed upon in accordance with 31 analysts offering forecast for the period of the next 12 months.
The company is managing to provide strong revenues from year to year, showcasing strong growth rates, while the price of AMD shares gained 47.56% of increase in the period from April 2018 to April 2019.
Even though the score of 1.16 is indicating that AMD is a buy, the score represents a weak buy, which means that AMD is more likely to be ranked as “hold” at its current position in the market.
AMD Stock Forecast for 2019: Advanced Micro Devices (AMD) Predictions and Analysts
Based on the analysis of 31 different investment analysts, AMD stocks have a targeted median price of 24$ per share, while the stock have already gone above the target price by trading at over 27$, placing AMD stock at 11.89% above its median price.
The lowest estimate for AMD stock in the period of the next 12 months is set at 7$ per share, which would mean that the stock would potentially sink by over -74% from its current price in this case scenario.
However, the highest price target set at 42$ for the same time period would take the stock 54.2% above its present price of 27$ per share.
Out of 36 polled analysts experienced in investment analytics, 16 analysts have agreed to provide “hold” rank for AMD stock, while 14 analysts are suggesting that AMD stock should be ranked as “buy”.
Under the same poll, six analysts are recommending AMD stock as a “sell”, however, based on the general consensus, AMD stock is ranked as “hold”, which hasn’t change since August 2018 by far.