“`html
Advanced Micro Devices (NASDAQ: AMD) has seen significant price movement, breaking above a critical resistance level in July. The stock rose to $155, marking a $10 increase from this resistance point. Analysts predict a potential rise to targets of approximately $200 and $235, representing gains of 37% and 60% respectively.
Analyst sentiment is notably bullish, with coverage increasing by 30% in the past year, yielding a strong Moderate Buy bias. The consensus price target has adjusted upwards to between $200 and $270. This positive outlook is supported by strong anticipated Q2 results, driven by the resurgence of sales to China and robust institutional buying trends, which have reinforced confidence in AMD’s market position.
The upcoming Q2 earnings report is expected to act as a key catalyst for further price movement, with current estimates projecting year-over-year growth of 27%, which analysts believe may be conservative given industry trends.
“`
