Brokerage Firm Rating Update on Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) : 17 analysts are covering Advanced Micro Devices (AMD) and their average rating on the stock is 2.55, which is read as a Hold. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Advanced Micro Devices (AMD) : Currently there are 12 street experts covering Advanced Micro Devices (AMD) stock. The most bullish and bearish price target for the stock is $9 and $2 respectively for the short term. The average price target of all the analysts comes to $5.75. The estimated standard deviation from the target is $2.76.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Advanced Micro Devices (NASDAQ:AMD). The rating major has initiated the coverage with underperform rating on the shares. The Analysts at Credit Suisse raises the price target from $3.5 per share to $5.5 per share. The rating by the firm was issued on July 22, 2016.

Advanced Micro Devices (NASDAQ:AMD): stock was range-bound between the intraday low of $6.78 and the intraday high of $7.07 after having opened at $7.05 on Wednesdays session. The stock finally closed in the red at $7.05, a loss of -6.81%. The stock remained in the red for the whole trading day. The total traded volume was 57,721,907 shares. The stock failed to cross $7.07 in Wednesdays trading. The stocks closing price on Thursday was $7.34.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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