AMD's stock is currently trading near a critical Fibonacci support level at 101.70. The stock has shown bearish momentum in recent sessions, with the MACD indicator showing a slight decline. The RSI is at 51.88, indicating a neutral position, while the Stochastic Oscillator suggests a potential oversold condition.
AMD has shown strong growth in its data center segment, with a 94% year-over-year increase in revenue. However, the recent earnings report showed a slight miss in data center sales, causing some concern among investors. Analysts remain optimistic about AMD's long-term growth, particularly in AI and data center markets, with a consensus target price of $147.88.
Based on the Fibonacci levels and current technical indicators, AMD's stock is expected to test the lower support level of 96.53 in the next trading week. However, considering the strong fundamentals and analyst sentiment, the stock is likely to rebound from this level.
Buy AMD stock if it dips to the support level of 96.53, with a target price of 110.06. The stock is expected to rebound due to its strong position in the AI and data center markets.
The price of AMD is predicted to go up 5.93%, based on the high correlation periods with NRC. The similarity of these two price pattern on the periods is 95.08%.
AMD
NRC
Year
AMD Price Forecast($)
Potential Return(%)
2025
175.000
39.590
2026
140.000
40.200
2027
290.000
190.410
2028
150.000
50.210
2029
180.000
80.250
2030
250.000
150.350
AMD has gained market share in the PC CPU market as Intel's manufacturing prowess has hit several road bumps in recent years.
AMD's partnership with chip manufacturing leader Taiwan Semi, plus its adoption of a chiplet manufacturing strategy, has allowed the company to come to market with more formidable products and greater flexibility to bring new products to market quickly.
AI offers a massive opportunity to GPU makers, and while AMD lags industry leader Nvidia, we see plenty of room in the AI market for GPU alternatives such as AMD's products.
Jefferies
2025-03-27
Price Target
$135 → $120
Upside
+12.52%
Mizuho
2025-03-14
Price Target
$140 → $120
Upside
+18.88%
Citigroup
2025-01-21
Price Target
$200 → $175
Upside
+42.32%