Advanced Micro Devices (AMD – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Harlan Sur from J.P. Morgan maintained a Hold rating on the stock and has a $120.00 price target.
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Harlan Sur has given his Hold rating due to a combination of factors surrounding AMD’s current market position and future prospects. While AMD is making significant strides in enhancing its competitiveness with its CPU and GPU offerings, such as Ryzen, EPYC, and Radeon Vega platforms, the company’s long-term market share gains remain uncertain. This uncertainty stems from the need for substantial investment in research and development to keep up with market leaders, which could potentially limit AMD’s operating leverage.
Moreover, although AMD is executing well towards its financial targets, the stock appears to be nearly fully valued at present. Harlan Sur’s price target for December 2025 is set at $120, assuming a price-to-earnings multiple of 30x, which aligns with peer multiples ranging from 25x to 35x. Given these considerations, the Hold rating reflects a cautious stance on AMD’s ability to sustain its growth momentum without significant operational investments.
In another report released today, Citi also reiterated a Hold rating on the stock with a $120.00 price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMD in relation to earlier this year.