Is AMD Stock a Buy Now?
Advanced Micro Devices (NASDAQ: AMD) stock has rallied hard over the past year, vaulting 127% even though the chipmaker's revenue and earnings shrank in recent quarters due to weakness in the personal computer market. This may lead one to wonder if buying AMD is a good idea at this point considering its expensive valuation.
After all, AMD's price-to-sales multiple has increased over the past year while its top line has headed south. Meanwhile, the consensus of Wall Street analysts estimates that AMD's earnings will drop 31% for 2023 to $2.40 per share.
Savvy investors, however, should consider looking past these recent results as there are two big catalysts that could supercharge AMD in 2024 and beyond.
Source Fool.com
Advanced Micro Devices Inc. Aktie
402,75 €
-2,46 %
Aktuell gibt es mit 109 Buy-Einschätzungen und 5 Sell-Einschätzungen ein positives Sentiment für die Advanced Micro Devices Inc. Aktie.
Das von der Community festgelegte Kursziel für Advanced Micro Devices Inc. von 516 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 402.75 €.
