Advanced Micro Devices (AMD) stock was up on Friday even after the chipmaker’s shares were hit with a lackluster analyst update. Five-star Bernstein analyst Stacy Rasgon assigned the company a Hold rating with a $235 price target, which represents a potential 18.5% upside for the shares.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade NVDARasgon’s neutral stance on AMD stock isn’t too surprising. The analyst has long had a Hold rating for AMD shares, largely due to his belief that the artificial intelligence (AI) boom has overvalued the company. Even so, the analyst did recently comment that it was surprising AMD experienced such a sharp drop following its earnings report last month.
Rasgon is no stranger to the semiconductor space. He covers a wide variety of chipmakers, giving his opinion on AMD considerable weight. Here’s a quick look at his coverage of other semiconductor stocks:
- Intel (INTC) — Hold rating with a $36 price target, suggesting a 21.02% downside.
- Nvidia (NVDA) — Buy rating with a $300 price target, implying a 63.9% upside.
- Broadcom (AVGO) — Buy rating with a $425 price target, representing a 49.59% upside.
- Qualcomm (QCOM) — Buy rating with a $175 price target, suggesting a 25.44% upside.
- Applied Materials (AMAT) — Buy rating with a $425 price target, implying an 18.79% upside.
AMD Stock Movement Today
AMD stock experienced a slight rally on Friday but was still down 6.81% year-to-date. Even so, the company’s shares have increased 98.83% 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 23 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $286.40, representing a potential 43.32% upside for the shares.
