A statement released today by Credit Suisse about Advanced Micro (NASDAQ:AMD) raises the target price to $7.00
- Updated: October 12, 2016
In a report released on 10/12/2016 Credit Suisse increased the stock price target of Advanced Micro (NASDAQ:AMD) from $5.50 to $7.00 reporting a possible upside of 0.08%.
Previously on Friday October 07, 2016, Barclays reported about Advanced Micro (NASDAQ:AMD) raised the target price from $0.00 to $7.00. At the time, this indicated a possible upside of 0.01%.
Yesterday Advanced Micro (NASDAQ:AMD) traded -0.15% lower at $6.50. The company’s 50-day moving average is $6.74 and its 200-day moving average is $5.15. The last stock close price is up 25.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,704,874 shares of the stock were exchanged, down from an average trading volume of 37,287,800
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Advanced Micro has a 52 week low of $1.75 and a 52 week high of $8.00 The company’s market cap is currently $0.
In addition to Credit Suisse reporting its target price, a total of 19 firms have reported on the stock. The consensus target price is $2.28 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 16 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.
About Advanced Micro (NASDAQ:AMD)
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. Its desktop PC product brands for microprocessors are AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU.
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