This Analyst Thinks AMD Stock Could Soar Over 120%. Should Investors Buy This Beaten-Down AI Stock?
Advanced Micro Devices (NASDAQ: AMD) has been ahead of the curve in terms of the AI sell-off trend. The chip stock peaked in March 2024 and has trended lower ever since, and is now down by around 50% from its all-time high.However, numerous Wall Street analysts have much higher price targets on AMD, suggesting that it could be a screaming buy here. Hans Mosesmann of Rosenblatt Securities has the highest price target on Wall Street for AMD stock at $225. With AMD shares hovering around $100, that indicates a potential 12-month upside of around 125%. Any investor would be happy with that kind of return, but is it realistic to expect?Continue reading
Advanced Micro Devices (NASDAQ: AMD) has been ahead of the curve in terms of the AI sell-off trend. The chip stock peaked in March 2024 and has trended lower ever since, and is now down by around 50% from its all-time high.
However, numerous Wall Street analysts have much higher price targets on AMD, suggesting that it could be a screaming buy here. Hans Mosesmann of Rosenblatt Securities has the highest price target on Wall Street for AMD stock at $225. With AMD shares hovering around $100, that indicates a potential 12-month upside of around 125%.
Any investor would be happy with that kind of return, but is it realistic to expect?
