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Credit Suisse Group AG announced Advanced Micro Devices, Inc. (NASDAQ:AMD), bumping up its stock price target to $7.00 today

In a report released on 10/12/2016 Credit Suisse Group AG increased the stock price target of Advanced Micro Devices, Inc. (NASDAQ:AMD) from $5.50 to $7.00 reporting a possible upside of 0.08%.

Previously on 10/07/2016, Barclays reported on Advanced Micro Devices, Inc. (NASDAQ:AMD) increased the target price from $0.00 to $7.00. At the time, this indicated a possible upside of 0.01%.

Just yesterday Advanced Micro Devices, Inc. (NASDAQ:AMD) traded -0.15% lower at $6.48. Advanced Micro Devices, Inc.’s 50-day moving average is $6.74 and its 200-day moving average is $5.15. The last closing price is up 25.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,704,874 shares of AMD traded hands, down from an average trading volume of 37,287,800

Recent Performance Chart

Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. has 52 week low of $1.75 and a 52 week high of $8.00 and has a market capitalization of $0.

In addition to Credit Suisse Group AG reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $2.28 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 16 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

Brief Synopsis On Advanced Micro Devices, Inc. (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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