Advanced Micro Devices (AMD) Stock Forecast, Price Target & Predictions


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AMD Stock Forecast


Advanced Micro Devices stock forecast is as follows: an average price target of $160.66 (represents a -2.32% downside from AMD’s last price of $164.47) and a rating consensus of 'Buy', based on 30 wall street analysts offering a 1-year stock forecast.

AMD Price Target


The average price target for Advanced Micro Devices (AMD) is $160.66 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $270.00 to $65.00. This represents a potential -2.32% downside from AMD's last price of $164.47.

AMD Analyst Ratings


Buy

According to 30 Wall Street analysts, Advanced Micro Devices's rating consensus is 'Buy'. The analyst rating breakdown for AMD stock is 1 'Strong Buy' (3.33%), 26 'Buy' (86.67%), 3 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Advanced Micro Devices Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 13, 2024Blayne CurtisJefferies$190.00$151.9225.07%15.52%
May 01, 2024Suji DesilvaRoth Capital$180.00$158.3813.65%9.44%
May 01, 2024Harsh KumarPiper Sandler$175.00$147.3918.73%6.40%
May 01, 2024William SteinTruist Financial$162.00$147.889.55%-1.50%
May 01, 2024Vijay RakeshMizuho Securities$215.00$147.2246.04%30.72%
May 01, 2024Frank LeeHSBC$220.00$158.3838.91%33.76%
Apr 29, 2024Hans MosesmannRosenblatt Securities$250.00$159.9656.29%52.00%
Apr 29, 2024Christopher RollandSusquehanna$185.00$159.5815.93%12.48%
Apr 15, 2024Frank LeeHSBC$225.00$160.3240.34%36.80%
Apr 15, 2024Mark LipacisEvercore ISI$200.00$160.3224.75%21.60%
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The latest Advanced Micro Devices stock forecast, released on May 13, 2024 by Blayne Curtis from Jefferies, set a price target of $190.00, which represents a 25.07% increase from the stock price at the time of the forecast ($151.92), and a 15.52% increase from AMD last price ($164.47).

Advanced Micro Devices Price Target by Period


1M3M12M
# Anlaysts81234
Avg Price Target$197.13$205.58$175.06
Last Closing Price$164.47$164.47$164.47
Upside/Downside19.86%25.00%6.44%

In the current month, the average price target of Advanced Micro Devices stock is $197.13, according to 8 Wall Street analysts offering twelve months forecast. The average price target represents a 19.86% increase as opposed to Advanced Micro Devices's last price of $164.47. This month's average price target is down -4.11% compared to last quarter, and up 12.61% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 02, 2024BenchmarkBuyBuyHold
May 01, 2024Piper SandlerOverweightOverweightHold
May 01, 2024CitigroupBuyBuyHold
May 01, 2024Cantor FitzgeraldOverweightOverweightHold
May 01, 2024HSBCBuyBuyHold
Apr 29, 2024SusquehannaPositivePositiveHold
Apr 18, 2024Cowen & Co.BuyBuyHold
Apr 15, 2024HSBC-BuyUpgrade
Apr 15, 2024Evercore ISI-OutperformInitialise
Apr 05, 2024Piper SandlerOverweightOverweightHold
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Advanced Micro Devices's last stock rating was published by Benchmark on May 02, 2024. The company gave AMD a "Buy" rating, the same as its previous rate.

Advanced Micro Devices Financial Forecast


Advanced Micro Devices Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$6.17B$5.80B$5.36B$5.35B$5.60B$5.57B$6.55B$5.89B$4.83B$4.31B$3.85B$3.44B$3.24B$2.80B$1.93B$1.79B$2.13B$1.80B
Avg Forecast$10.40B$9.84B$9.33B$8.92B$8.99B$8.44B$7.76B$7.31B$7.64B$6.64B$5.73B$5.48B$6.13B$5.70B$5.32B$5.30B$5.51B$5.65B$6.53B$5.01B$4.52B$4.11B$3.62B$3.18B$3.02B$2.56B$1.85B$1.78B$2.11B$1.81B
High Forecast$10.78B$10.19B$9.67B$9.24B$9.31B$8.74B$8.04B$7.57B$7.92B$6.87B$5.77B$5.53B$6.22B$5.74B$5.51B$5.49B$5.71B$5.85B$6.76B$5.56B$5.02B$4.56B$4.02B$3.53B$3.35B$2.84B$2.06B$1.98B$2.34B$2.01B
Low Forecast$10.05B$9.50B$9.01B$8.62B$8.68B$8.15B$7.49B$7.06B$7.38B$6.39B$5.72B$5.46B$6.11B$5.47B$5.14B$5.12B$5.32B$5.46B$6.31B$4.79B$4.32B$3.93B$3.46B$3.04B$2.88B$2.45B$1.77B$1.70B$2.01B$1.73B
# Analysts21111511101610101922222221292616211313202717146633322
Surprise %------------1.01%1.02%1.01%1.01%1.02%0.98%1.00%1.18%1.07%1.05%1.06%1.08%1.07%1.09%1.04%1.00%1.01%1.00%

Advanced Micro Devices's average Quarter revenue forecast for Mar 24 based on 22 analysts is $5.48B, with a low forecast of $5.46B, and a high forecast of $5.53B. AMD's average Quarter revenue forecast represents a -11.20% decrease compared to the company's last Quarter revenue of $6.17B (Dec 23).

Advanced Micro Devices EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts21111511101610101922222221292616211313202717146633322
EBITDA------------$342.00M$1.13B$-20.00M$416.00M$484.00M$548.00M$1.14B$1.20B$1.34B$1.12B$941.00M$758.00M$656.00M$505.00M$256.00M$259.00M$296.00M$219.00M
Avg Forecast$1.57B$1.49B$1.41B$1.35B$1.36B$1.28B$1.17B$1.10B$1.16B$1.00B$866.08M$1.41B$1.28B$1.65B$1.23B$1.28B$1.17B$1.31B$1.12B$1.17B$1.06B$1.03B$746.54M$621.82M$588.89M$435.72M$224.88M$259.00M$299.03M$220.00M
High Forecast$1.63B$1.54B$1.46B$1.40B$1.41B$1.32B$1.21B$1.14B$1.20B$1.04B$872.15M$1.70B$1.54B$1.98B$1.48B$1.54B$1.40B$1.57B$1.34B$1.40B$1.27B$1.24B$895.85M$746.18M$706.67M$522.87M$269.85M$310.80M$358.84M$264.00M
Low Forecast$1.52B$1.44B$1.36B$1.30B$1.31B$1.23B$1.13B$1.07B$1.12B$966.37M$864.57M$1.13B$1.03B$1.32B$985.45M$1.03B$934.42M$1.04B$895.86M$934.15M$849.47M$825.50M$597.23M$497.45M$471.11M$348.58M$179.90M$207.20M$239.23M$176.00M
Surprise %------------0.27%0.68%-0.02%0.32%0.41%0.42%1.02%1.03%1.27%1.09%1.26%1.22%1.11%1.16%1.14%1.00%0.99%1.00%

22 analysts predict AMD's average Quarter EBITDA for Mar 24 to be $1.41B, with a high of $1.70B and a low of $1.13B. This is 313.13% upper than Advanced Micro Devices's previous annual EBITDA (Dec 23) of $342.00M.

Advanced Micro Devices Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts21111511101610101922222221292616211313202717146633322
Net Income------------$667.00M$299.00M$27.00M$-140.00M$21.00M$66.00M$447.00M$786.00M$974.00M$923.00M$710.00M$555.00M$1.78B$390.00M$157.00M$162.00M$170.00M$120.00M
Avg Forecast$3.27B$2.99B$2.75B$2.58B$2.67B$2.40B$2.09B$1.89B$2.06B$1.57B$1.11B$721.13M$930.43M$1.36B$482.15M$655.58M$845.84M$1.07B$438.32M$595.98M$768.95M$847.34M$562.08M$454.09M$1.59B$335.83M$137.38M$162.00M$164.52M$120.00M
High Forecast$3.42B$3.13B$2.88B$2.70B$2.79B$2.51B$2.19B$1.98B$2.15B$1.70B$1.18B$865.36M$1.12B$1.63B$578.58M$786.69M$1.02B$1.29B$525.98M$715.17M$922.74M$1.02B$674.50M$544.91M$1.91B$403.00M$164.85M$194.40M$197.42M$144.00M
Low Forecast$3.12B$2.86B$2.63B$2.47B$2.55B$2.30B$2.00B$1.81B$1.96B$1.37B$1.06B$576.91M$744.34M$1.08B$385.72M$524.46M$676.67M$857.51M$350.66M$476.78M$615.16M$677.88M$449.67M$363.27M$1.27B$268.67M$109.90M$129.60M$131.61M$96.00M
Surprise %------------0.72%0.22%0.06%-0.21%0.02%0.06%1.02%1.32%1.27%1.09%1.26%1.22%1.12%1.16%1.14%1.00%1.03%1.00%

Advanced Micro Devices's average Quarter net income forecast for Mar 24 is $721.13M, with a range of $576.91M to $865.36M. AMD's average Quarter net income forecast represents a 8.12% increase compared to the company's last Quarter net income of $667.00M (Dec 23).

Advanced Micro Devices SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts21111511101610101922222221292616211313202717146633322
SG&A------------$644.00M$576.00M$547.00M$585.00M$590.00M$557.00M$592.00M$597.00M$412.00M$376.00M$341.00M$319.00M$308.00M$273.00M$215.00M$199.00M$206.00M$185.00M
Avg Forecast$1.05B$992.14M$940.86M$899.80M$906.47M$851.07M$782.19M$736.82M$770.75M$669.87M$577.71M$547.73M$393.57M$552.37M$638.56M$497.94M$357.79M$436.65M$580.50M$452.67M$325.26M$345.18M$269.96M$261.00M$275.23M$235.08M$188.13M$199.00M$199.35M$185.00M
High Forecast$1.09B$1.03B$974.50M$931.97M$938.88M$881.50M$810.16M$763.17M$798.30M$693.10M$581.76M$657.28M$472.28M$662.84M$766.27M$597.52M$429.35M$523.98M$696.61M$543.20M$390.32M$414.22M$323.95M$313.20M$330.28M$282.10M$225.75M$238.80M$239.23M$222.00M
Low Forecast$1.01B$958.22M$908.70M$869.04M$875.48M$821.98M$755.45M$711.63M$744.40M$644.61M$576.70M$438.18M$314.85M$441.89M$510.84M$398.35M$286.23M$349.32M$464.40M$362.14M$260.21M$276.14M$215.97M$208.80M$220.19M$188.07M$150.50M$159.20M$159.48M$148.00M
Surprise %------------1.64%1.04%0.86%1.17%1.65%1.28%1.02%1.32%1.27%1.09%1.26%1.22%1.12%1.16%1.14%1.00%1.03%1.00%

Advanced Micro Devices's average Quarter SG&A projection for Mar 24 is $547.73M, based on 22 Wall Street analysts, with a range of $438.18M to $657.28M. The forecast indicates a -14.95% fall compared to AMD last annual SG&A of $644.00M (Dec 23).

Advanced Micro Devices EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts21111511101610101922222221292616211313202717146633322
EPS------------$0.41-$0.02$-0.09$0.01$0.04$0.28$0.56$0.81$0.76$0.58$0.46$1.48$0.33$0.13$0.14$0.15$0.11
Avg Forecast$1.99$1.83$1.68$1.57$1.63$1.47$1.27$1.15$1.25$0.96$0.68$0.62$0.77$0.68$0.57$0.56$0.67$0.69$1.03$0.91$0.76$0.66$0.54$0.44$0.47$0.35$0.16$0.18$0.31$0.18
High Forecast$2.08$1.91$1.76$1.65$1.70$1.53$1.33$1.21$1.31$1.04$0.72$0.70$0.83$0.71$0.60$0.59$0.70$0.72$1.08$1.04$0.87$0.76$0.62$0.50$0.54$0.41$0.19$0.21$0.35$0.21
Low Forecast$1.90$1.75$1.60$1.50$1.55$1.40$1.22$1.10$1.20$0.83$0.65$0.59$0.72$0.57$0.55$0.54$0.64$0.66$0.98$0.86$0.72$0.62$0.51$0.41$0.45$0.33$0.15$0.17$0.29$0.17
Surprise %------------0.53%-0.03%-0.15%0.01%0.06%0.27%0.61%1.07%1.15%1.07%1.05%3.13%0.93%0.80%0.78%0.49%0.60%

According to 22 Wall Street analysts, Advanced Micro Devices's projected average Quarter EPS for Mar 24 is $0.62, with a low estimate of $0.59 and a high estimate of $0.70. This represents a 50.21% increase compared to AMD previous annual EPS of $0.41 (Dec 23).

Advanced Micro Devices Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INTCIntel$31.83$40.8828.43%Hold
MRVLMarvell$71.92$80.0011.23%Buy
TSMTaiwan Semiconductor Manufacturing$151.68$157.673.95%Buy
AMDAdvanced Micro Devices$164.47$160.66-2.32%Buy
MUMicron$125.29$111.79-10.78%Buy
AVGOBroadcom$1.40K$1.09K-21.59%Buy
NVDANVIDIA$924.79$699.32-24.38%Buy

AMD Forecast FAQ


Yes, according to 30 Wall Street analysts, Advanced Micro Devices (AMD) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 26 'Buy' recommendations, accounting for 90.00% of AMD's total ratings.

Advanced Micro Devices (AMD) average price target is $160.66 with a range of $65 to $270, implying a -2.32% from its last price of $164.47. The data is based on 30 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for AMD stock, the company can go down by -2.32% (from the last price of $164.47 to the average price target of $160.66), up by 64.16% based on the highest stock price target, and down by -60.48% based on the lowest stock price target.

AMD's highest twelve months analyst stock price target of $270 supports the claim that Advanced Micro Devices can reach $200 in the near future.

8 Wall Street analysts forecast a $197.13 price target for Advanced Micro Devices (AMD) this month, up 19.86% from its last price of $164.47. Compared to the last 3 and 12 months, the average price target increased by 25.00% and increased by 6.44%, respectively.

Advanced Micro Devices's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $32.5B (high $33.66B, low $31.39B), average EBITDA is $4.91B (high $5.09B, low $4.74B), average net income is $9.05B (high $9.47B, low $8.64B), average SG&A $3.28B (high $3.39B, low $3.16B), and average EPS is $5.52 (high $5.78, low $5.27). AMD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $38.5B (high $39.88B, low $37.18B), average EBITDA is $5.82B (high $6.03B, low $5.62B), average net income is $11.59B (high $12.13B, low $11.08B), average SG&A $3.88B (high $4.02B, low $3.75B), and average EPS is $7.07 (high $7.4, low $6.76).

Based on Advanced Micro Devices's last annual report (Dec 2023), the company's revenue was $22.68B, beating the average analysts forecast of $22.45B by 1.03%. Apple's EBITDA was $401M, missing the average prediction of $5.45B by -92.65%. The company's net income was $854M, missing the average estimation of $3.42B by -75.06%. Apple's SG&A was $2.35B, beating the average forecast of $2.08B by 12.95%. Lastly, the company's EPS was $0.53, missing the average prediction of $2.59 by -79.53%. In terms of the last quarterly report (Dec 2023), Advanced Micro Devices's revenue was $6.17B, beating the average analysts' forecast of $6.13B by 0.69%. The company's EBITDA was $342M, missing the average prediction of $1.28B by -73.38%. Advanced Micro Devices's net income was $667M, missing the average estimation of $930.43M by -28.31%. The company's SG&A was $644M, beating the average forecast of $393.57M by 63.63%. Lastly, the company's EPS was $0.41, missing the average prediction of $0.774 by -47.02%