AMD’s stock price has risen by 15.6% in the trailing five-day period, while it has risen by 101.2% in the trailing 12-month period.
Among the analysts, 20 recommend a “hold,” 18 recommend a “buy,” and one recommends a “sell.” Analysts have an average target price of $50.87 on AMD.
Is AMD a good buy now?
The financial health and growth prospects of AMD, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is AMD a buy for 2020?
AMD projects $8.7 billion in revenue in fiscal 2020, up 29% from the previous year and a shade higher than the $8.6 billion Wall Street estimate. For comparison, AMD’s top line increased just 4% annually in fiscal 2019, so 2020 is going to be a huge improvement if the company delivers on its promises.
Will AMD stock continue to rise?
AMD was one of the top performing stocks of 2019, and its momentum seems to be continuing into 2020. Advanced Micro Devices (NASDAQ:AMD) was the most talked about ticker in the semiconductor industry in 2019, more than doubling from its January 7, 2019 close of $20.57 to $48.60.
Is AMD a good long term investment?
Yes, AMD might be able to create long-term wealth for its investors, but this is probably not the best time to start a position in the stock due to an extremely bumpy road ahead. Even long-term AMD bulls may want to wait for the next price drop before backing up the truck.