AMD Stock Forecast: What to Expect in 2024 and Beyond
Advanced Micro Devices, Inc. Overview
Advanced Micro Devices, Inc. (AMD) is a global leader in the design and production of semiconductor devices and technologies. Founded in 1969, the company is headquartered in Santa Clara, California, and has a market capitalization of over $120 billion. AMD's products are used in various applications, including personal computers, servers, and gaming consoles.
AMD Stock Performance
AMD's stock has performed exceptionally well in recent years, largely due to the strong demand for its products in the growing market for high-performance computing. As of April 30, 2024, Tuesday, AMD's stock price was trading at $150.32, near its all-time high.
AMD Stock Forecast for 2024
Analysts are generally bullish on AMD's stock, citing the company's strong fundamentals and favorable industry outlook. The consensus forecast for 2024 is a modest increase in AMD's stock price, with a target price of $165.00. This represents a potential upside of approximately 10% from the current price.
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