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MarketBeat
MarketBeat
Chris Markoch

AMD: Loop Capital's Buy Rating Reinforces Investor Confidence

AMD Loop Capital Loop Advanced Micro Devices MarketBeat Nvidia

Analyst ratings can have a significant impact on stock price performance. That might be the reason that shares of Advanced Micro Devices Inc. (NASDAQ: AMD) are up 4.2% in the week ending January 17, 2025. In this case, it was Loop Capital that initiated coverage on AMD stock with a Buy rating and a $175 price target.

Loop Capital is only one analyst firm that is bullish on AMD stock. The Advanced Micro Devices analyst forecasts on MarketBeat give the stock a $178.61 price target which is 49% higher than its price on January 17.

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