AMD posted a record quarter, and the stock rocketed past our price target before the opening bell. With a rich valuation and thin cash flow, can the rally hold, or has the easy money already been made?
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AMD (NASDAQ:AMD | AMD Price Prediction) closed at $483.90 before it reported a record quarter. The 24/7 Wall St. price target is $514.18 over the next 12 months. That is 6.26% upside from the close, and our model rates the stock a buy.
| Metric | Value |
|---|---|
| Price (Nov. 3 Close) | $483.90 |
| 24/7 Wall St. Price Target | $514.18 |
| Upside | 6.26% |
| Recommendation | BUY |
| Confidence Level | 90% |
A 90% confidence…
