$Advanced Micro Devices(AMD)$ Rallies +0.67%: AI Chipmaker Finds Footing at $207, Eyeing Recovery After Sharp Sell-Off 📈 Analyst Targets
Wall Street remains largely bullish. 48 analysts have an average price target of $278.35 (approx. +34% upside). The consensus recommendation is "Buy," with 14 Strong Buy, 29 Buy, 13 Hold, and only 1 Sell rating.
Weekly Outlook
Expect consolidation between $200 - $215 as the stock digests recent volatility. A sustained close above $215 could trigger a move toward $225. Conversely, a break below $200 may lead to a retest of the $190-$195 support zone. Watch for AI sector sentiment and any updates on MI450 chip ramp-up timelines.
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