Advanced Micro Devices (AMD) Stock Forecasts for 2023: Average target price $140

Advanced Micro Devices Inc. is a manufacturer of integrated microcircuit electronics. The largest manufacturer of central and graphic processors. It is the second largest supplier in the world and the only significant competitor to Intel in the microprocessor market. Wall Street is cautiously optimistic about AMD’s stock due to concerns about slower growth and competition. AMD continues to deliver solid revenue growth on the back of continued demand for the company’s products. During the last reporting quarter, each of AMD’s business units posted double-digit growth.

On June 10, 2022, analysts at Benchmark released the latest price target for Advanced Micro Devices (AMD) stock at $135 for the next 12 months. Over the past year, 35 analyst firms have published stock (AMD) forecasts for 2023.Most analysts recommend buying stocks. The average analyst price target is $140 over the next 12 months.