Morgan Stanley reiterates its 'Moderate Buy' on Advanced Micro Devices (AMD, Financial) stock after announcing a leveraged buyout with Nvidia Corp (NVDA, Financial). Of these, 26 analysts recommend a “Moderate Buy,” four “Hold”, and one “Strong Buy.” AMD's 12-month average price target stands at $192.36, with confidence in the growth potential offsetting the recent price adjustment.
TD Cowen recently cut its price target on AMD from $210.00 to $185.00 with a 'Buy' rating in its October 30 report. Piper Sandler also cut its target from $200 to $180 on the stock but reiterated an "Overweight" stance. On October 11, Roth MKM kept its 'Buy' rating and $200.00 price goal.
However, Bank of America downgraded AMD from 'Buy' to 'Neutral' on December 9, and the target price was cut from $180.00 to $155.00. "It was initiated this year by Edward Jones with a 'buy' rating, which shows that they also have long-term optimism for the company's view," Wang told Reuters.
With market fluctuations, AMD is a focus in the highly competitive semiconductor space, and analysts recalculate price targets. Investors are watching its performance and some of the key growth drivers for the firm, namely emerging technologies—most notably AI and data center advances.
Market sentiment spans from cautious optimism to big tech volatility as shares of AMD have come under the microscope.
