Is Advanced Micro Devices Now A Buy? Vetr Crowd Can’t Reach Agreement

June 1, 2016

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Courtesy of Benzinga.

Invest Diva’s Kiana Danial Likes Advanced Micro, Sees ~$9/Share On Lucrative VR Market Potential

The Vetr community has upgraded $AMD to 3.5-Stars. (Vetr)

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) have gained almost 55 percent since the year started, and 25 percent in the last month alone. However, the crowd seems to believe the rally will continue.

On Wednesday, the Vetr community decided upgraded its rating on shares of Advanced Micro Devices, from 2.5 Stars (Sell) to 3.5 Stars (Buy) – out of a possible 5.0 Stars rating.

The new rating seems more aligned with the crowd’s average target price of $4.77, which implies an upside potential of more than 8 percent from current valuations.

However, it should be noted that 83 percent of the crowd’s rating are bearish, meaning that the crowd as a whole is not as optimistic as the new rating would suggest. In fact, the crowd’s average price target was pushed up considerably by a recent (outlier) rating, which set a target of $6.57 for the stock. Check out a chart here to better understand the distribution of the ratings.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.