Wall Street Predicts AMD Stock To Hit $600: When Will It Happen?

Wall Street analysts have grown increasingly bullish on Advanced Micro Devices, Inc (AMD) stock prices over the last few years. Baird currently has the most bullish outlook for the asset, predicting it to hit $1250. However, a large number of analysts anticipate AMD to breach the $600-$700 range. KeyBanc predicts AMD to hit $725, Wells Fargo predicts a price of $700, Bernstein and Roth MKM anticipate the stock to hit $650, while Raymond James predicts a price of $641. Let’s discuss when the prediction could actually come to fruition.

When Could AMD Stock Hit Its Wall Street Price Target Of $600-$700?

AMD has consistently delivered stellar results over the last several quarters. The company’s stock value has also skyrocketed in the previous year. In fact, AMD’s surge has far outperformed industry heavyweight, Nvidia (NVDA).

While AMD’s quarterly earnings outshone expert expectations, many were hoping for even higher figures. Many investors were hopeful that the company’s Helios AI platform will bring in higher revenue figures. However, this was not the case. Other analysts have said that the Helios AI platform numbers could reflect in AMD’s revenue by the fourth quarter of this year. Therefore, we could potentially see stock prices surge to the $600 mark by then.

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