What do Tipranks analysts say about AMD stock?

TipRanks analysts have a strong buy rating consensus for Advanced Micro Devices (AMD) stock, with an average price target of $193.03 representing a 21.08% upside from the last price of $159.43.

1. Analyst Ratings: The stock has been assigned a Smart Score of 36.91, indicating a high level of positive analyst ratings. AMD has a Strong Buy rating from 36 analysts, with 29 Buy ratings and 7 Hold ratings.
2. Price Targets: The average price target is $193.03, with a high estimate of $235.00 and a low estimate of $140.00. This suggests a range of potential values for the stock's future performance.
3. Analyst Opinions: Analysts have expressed optimism about AMD's prospects, with some highlighting the company's strong track record of innovation, design agility, and execution, as well as its ability to gain market share in the server and client segments. Additionally, the company's strategic acquisitions, such as the $665M acquisition of Silo AI, are viewed as positive steps to deepen AMD's expertise in AI software.
4. Market Position: AMD's position in the market is strengthened by its ability to derive approximately 50% of its revenue from the PC end market, which is highly correlated with economic conditions.

In conclusion, TipRanks analysts have a bullish outlook on AMD stock, with a strong buy rating consensus and positive expectations for the company's future performance, driven by its technological advancements and strategic market positioning.