Brokers upbeat on Advanced Micro Devices Inc despite economic uncertainty

The Advanced Micro Devices Inc (NSQ:AMD) share price has risen by 7.52% over the past month and it’s currently trading at 53.54. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Advanced Micro Devices Inc currently has:

• 6 Buy recommendations
• 20 Hold recommendations
• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 53.54, shares in Advanced Micro Devices Inc are trading at a discount of -9.52% to its 52 week high price. The 1-year performance of the shares has been 95.7%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Advanced Micro Devices Inc it's worth doing some investigation yourself.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Advanced Micro Devices it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Advanced Micro Devices that you can find out about here.