AMD Share Price Target 2024, 2025, 2030
AMD is a US-based semiconductor company. The company develops computer processors and related technologies for consumers and businesses. In this article, I will discuss AMD share price target for 2024, 2025, and 2030.
What is AMD?
AMD stands for Advanced Micro Devices, Inc., a US-based semiconductor company having headquarters in Santa Clara, California. The company develops computer processors as well as associated with technologies for consumers and businesses.
The organization was founded by Jerry Sanders in 1969 along with numerous other professionals from the same field. The initial product created by the company was memory chips and associated components for the computers.
Later on, AMD expanded in the microprocessor market and started competing with the main rival in the industry, Intel. They face several challenges in the late 2000s and early 2010s it was difficult to complete Intel which turned out to be the fastest and more powerful processor.
AMD stocks were listed on the New York stock exchange in 1979 when they topped $100 million in total sales in 1978.
AMD share price
The current AMD share price is $113.15. The highest point touched by the stock is more than $164 in November 2021.
Below is the AMD share price chart
AMD share price technical analysis
Since inception, the stock has represented an upward trend till November 2021. Thereafter, the stock had a downward trend till October 2022. Now again it has shown an upward trend to date.
The stock has shown a zigzag pattern between the two trend lines. Starting from October 2022, the stock has touched the lower trendline three times and the upper trendline five times.
It is expected that the stock will retrace the lower trend line and then bounce back toward the upper trend line.
Aggressive buyers can purchase stock at this price and accumulate more once the price crosses the upper trend line.
Conservative buyers can wait for the price to come near the lower trend line. Once the stock reaches below $105, they should buy at that level. Further, they can accumulate more stocks once it bounce back towards the upper trend line and crosses it.
Considering the 200 moving average, the stock price is currently trading above it which is an indication of a buy signal. However, the investors can wait for the price to come near the moving average line and then purchase it.
AMD share price target
Since October 2022, the stock price has changed by 25%.
AMD share price target for 2024 is $142.5. If the market shows favorable sentiments, then the price can reach up to $200.
The expected AMD share price target for 2025 is between $150 and $210.
The expected AMD share price target for 2030 is between $380 and $430.
Factors supporting the growth of AMD stock price
Strong financial performance
The revenue reported by the company for 2022 is $23.60 billion which was more than the previous year’s revenue. The total assets of the company also indicated a green signal at $67.58 billion and total equity is reported as $54.75 billion. Robust growth in revenue and rising profit margins represent a healthy financial Outlook for the organization.
Competitive advantage
The company had maintained a competitive as within the industry which is an indication of growth in the stock value. The innovative solutions along with technology advancements have made them different from the competitors. As the company is capable of providing unique and sought-after products, there are chances for more investments in the company stock.
Industry demand and trends
Staying attuned according to industry trends is important for the growth of stock prices. Emerging technologies, like artificial intelligence, cloud computing, and virtual reality, have resulted in a boom in the demand for high-performance processors which is the specialization of AMD. With the continuous growth in technology advancements, the stock price of AMD will expect huge growth.
Market share expansion
The strategic initiative of AMD is to grow its market share which is a pivotal role in the growth of the stock price. By targeting several sectors within the technology segment, like laptops, gaming, and data centers, AMD focuses on capturing a huge portion of the market. A slow and constant increase in market share is an indication of high profit and revenue.
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Investors can consider stock price along with company fundamentals before making a final purchase decision.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.
Frequently asked questions
How high is AMD stock expected to go?
The AMD stock is expected to reach $200 by the end of 2024.
What will AMD be worth in 2030?
In 2030, the expected worth of AMD is between $380 and $430.
Is AMD a buy or sell?
AMD is a strong buy, as per 24 stock analysts.
Is AMD a growth stock?
Yes, AMD is a growth stock.
Where will AMD stock be in 5 years?
AMD stock is expected to be around $300 in 5 years.
What is the highest AMD stock has ever been?
The highest AMD stock has ever been is $164 in November 2021.
How much is AMD worth as a company?
The worth of AMD stock is $181.91 billion.
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