Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for AMD stock have an average target of 195.59, with a low estimate of 145 and a high estimate of 265. The average target predicts an increase of 19.04% from the current stock price of 164.31.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$145	$195.59	$195	$265
Change	-11.75%	+19.04%	+18.68%	+61.28%

Analyst Ratings

The average analyst rating for AMD stock from 29 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	13	13	13	14	15	14
Buy	14	14	14	14	13	11
Hold	2	2	3	3	3	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	29	29	30	31	31	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Rolland Susquehanna	Susquehanna	Buy Maintains $185 → $200	Buy	Maintains	$185 → $200	+21.72%	Jun 10, 2024
Joseph Moore Morgan Stanley	Morgan Stanley	Buy → Hold Downgrades $176	Buy → Hold	Downgrades	$176	+7.11%	Jun 10, 2024
Blayne Curtis Jefferies	Jefferies	Strong Buy Maintains $200 → $190	Strong Buy	Maintains	$200 → $190	+15.64%	May 13, 2024
Cody Acree Benchmark	Benchmark	Strong Buy Maintains $245 → $200	Strong Buy	Maintains	$245 → $200	+21.72%	May 2, 2024
Matt Bryson Wedbush	Wedbush	Buy Reiterates $200	Buy	Reiterates	$200	+21.72%	May 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

25.88B

Increased by 14.09%

from 22.68B

Revenue Next Year

33.16B

Increased by 28.14%

from 25.88B

EPS This Year

3.54

Increased by 568.59%

from 0.53

EPS Next Year

5.65

Increased by 59.43%

from 3.54

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	6.73B	9.76B	16.43B	23.60B	22.68B	25.88B	33.16B	39.83B	46.00B	49.90B
Revenue Growth	3.95%	45.05%	68.33%	43.61%	-3.90%	14.09%	28.14%	20.12%	15.49%	8.50%
EPS	0.30	2.06	2.57	0.84	0.53	3.54	5.65	7.32	9.57	10.89
EPS Growth	-6.25%	586.67%	24.76%	-67.32%	-36.90%	568.59%	59.43%	29.65%	30.62%	13.81%
Forward PE	-	-	-	-	-	46.37	29.08	22.43	17.18	15.09
No. Analysts	-	-	-	-	-	50	49	22	6	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	30.4B	42.9B	47.3B	50.1B	51.9B
Avg	25.9B	33.2B	39.8B	46.0B	49.9B
Low	23.9B	27.1B	34.1B	40.8B	48.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	33.9%	65.7%	42.6%	25.9%	12.8%
Avg	14.1%	28.1%	20.1%	15.5%	8.5%
Low	5.3%	4.9%	2.8%	2.5%	5.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.30	8.50	9.56	11.30	11.32
Avg	3.54	5.65	7.32	9.57	10.89
Low	3.00	3.68	5.86	7.47	10.56

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	711.1%	139.8%	69.1%	54.3%	18.3%
Avg	568.6%	59.4%	29.6%	30.6%	13.8%
Low	465.8%	3.7%	3.7%	2.0%	10.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.