Over the past 3 months, 13 analysts have published their opinion on Advanced Micro Devices (NASDAQ:AMD) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
|Bullish||Somewhat Bullish||Indifferent||Somewhat Bearish||Bearish|
According to 13 analyst offering 12-month price targets in the last 3 months, Advanced Micro Devices has an average price target of $131.23 with a high of $160.00 and a low of $98.00.
Below is a summary of how these 13 analysts rated Advanced Micro Devices over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
This current average represents a 8.18% decrease from the previous average price target of $142.92.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.