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. Stock
€435.60
3.500%
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 109 Buy predictions and 5 Sell predictions.
As a result the target price of 516 € shows a slightly positive potential of 18.46% compared to the current price of 435.6 € for Advanced Micro Devices Inc..
