Advanced Micro Devices (AMD) stock slipped on Thursday after analysts provided updated coverage of the semiconductor company.
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Let’s dig into the latest analyst coverage for AMD stock.
- Seaport Global analyst Jay Goldberg downgraded AMD to a Hold rating from a Buy rating, with no price target. The analyst did so due to checks on supply chains showing slowing demand for the company’s AI accelerator business.
- Four-star Citi analyst Christopher Danely reiterated a Hold rating and $180 price target for AMD, suggesting a potential 12.21% upside for the shares. The analyst cited the company’s growth prospects and valuation alongside his updated coverage.
- Five-star Bank of America analyst Vivek Arya maintained a Buy rating and $200 price target for AMD, implying a 24.68% upside for the stock.
AMD is among the chipmakers affected by uncertainty as the trade war between the U.S. and China continues. This has resulted in several policy shifts since President Donald Trump took office earlier this year. Many of these changes have limited how and what companies can sell to China, including graphics processing units (GPUs). Among these is a requirement for AMD and rival Nvidia (NVDA) to turn over 15% of revenue from China to the U.S. government.
AMD Stock Movement Today
AMD stock was down 1.23% on Thursday, but remained up 32.58% year-to-date. Investors will also note that AMD shares have rallied 16.27% over the past 12 months.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 26 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $184.91, representing a potential 15.52% upside for the shares.
