Can AMD Stock Rebound to $200? Here’s What Christopher Rolland Expects - TipRanks.com

Category: Finance

AMD shares have fallen 27% in the last 4 months despite an increase in 2024 revenue guidance for the MI300 accelerator. Analyst Christopher Rolland predicts further revenue increases, estimating MI300 sales could reach $5 billion in 2024. However, concerns about order cancellations from major clients and competition from Nvidia's GB200 platform pose risks. Rolland rates AMD shares as a Buy with a $200 price target, while the consensus among analysts is a Strong Buy with a 39.5% expected appreciation over the next 12 months.

Keywords: AMD, MI300, Nvidia

Source: Tipranks

Update At: 7/31/2024

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