Posted 12/19/2023, 10:45:18 PM
AMD Stock Outperforms Broader Market as Analysts Predict Strong Earnings Growth Despite High Valuation
- AMD stock beat the market recently, ending 0.9% up while S&P 500 gained 0.59%
- AMD shares up 14.29% over last month, outpacing sector and market
- Analysts predict AMD will post strong EPS and revenue growth in upcoming quarterly report
- AMD currently has Zacks Ranking of #3 (Hold) and a high valuation compared to industry averages
- AMD's industry group ranks in the bottom 25% among Zacks' 250+ industries