Advanced Micro Devices (AMD) has an average brokerage recommendation (ABR) of 1.61, indicating a rating between “Strong Buy” and “Buy.” This average is based on recommendations from 44 brokerage firms, with 29 classified as “Strong Buy” and 3 as “Buy,” constituting 65.9% and 6.8% of the total recommendations, respectively.
However, analysts have been found to carry a positive bias, issuing five “Strong Buy” ratings for every “Strong Sell.” Current earnings estimates for AMD remain steady at $3.96, leading to a Zacks Rank of #3 (Hold). This suggests that while the ABR appears favorable, investors may need to exercise caution before making investment decisions solely based on these ratings.
