AMD has surged 156% this year as AI contracts rolled in, but one unproven product cycle could either justify a run past $689 or expose just how much faith is already baked into the stock.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) shares are trading at $549.35 this morning. Our 24/7 Wall St. price target for AMD is $546.06 over the next 12 months. That implies 0.6% downside, so our model rates the stock a hold. Confidence is high, at 90%.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $549.35 |
| Price Target from 24/7 Wall St. | $546.06 |
| Upside/Downside | -0.6% |
| Recommendation | HOLD |
| Confidence Level | 90% |
The stock is up 156.51% year to date as the AI accelerator story moved from plans to signed…
