Advanced Micro Devices Stock Forecast: A Look Ahead to Q1 2025
Current Performance of Advanced Micro Devices
Rarely has any company seen as disappointing a performance in the financial markets as Advanced Micro Devices (NASDAQ: AMD) has in 2024. Although AMD stock started the year off with strong momentum, reaching an all-time high (ATH) of $210 on March 7, it’s been largely downhill from there. At press time, a single AMD share is trading at $124.75, which represents a year-to-date loss of 9.98%.
Expert Predictions for Q1 2025
The most recent consensus among Wall Street equity researchers is that Advanced Micro Devices stock could see a 30% price increase in the upcoming year. Notably, technical analyst Peter DiCarlo believes that such a surge in AMD’s share price may occur much more rapidly, stating that major opportunities lie ahead as we approach Q1 2025.
Market Dynamics Affecting AMD Stock
- Volume Shelf Analysis: DiCarlo identifies a significant $1.5 billion volume shelf at the $120 price point, suggesting AMD stock is unlikely to fall further.
- Institutional Movements: The recent drop in AMD stock prices is believed to be driven by institutional investors aiming to trigger stop-loss orders.
- Future Targets: DiCarlo anticipates AMD could hit $170 before facing resistance, with an upward trajectory expected over the coming months.
In summary, the outlook for Advanced Micro Devices stock remains cautiously optimistic, with potential gains on the horizon.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.