◆ NeutralAMD

Why Advanced Micro Devices Stock Just Bounced Back

The Motley Fool·
Why Advanced Micro Devices Stock Just Bounced Back

AMD stock jumped 8.3% after Goldman Sachs analyst James Schneider raised his price target to $640 from $450. Despite a trailing P/E of 170x, the stock appears undervalued when considering forward earnings growth of 55% annually and free cash flow that significantly exceeds reported net income.

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