AMD Analysts Forecast a Strong Price Increase in 2024

Author: Hannah Lewis Updated: 08-06-2025 08:44 AM

AMD Set to Surge with Analyst Support

Analysts on Wall Street have been vigorously changing their ratings and price targets for various top companies. Among them, Advanced Micro Devices, Inc. (NASDAQ: AMD) has seen a substantial upgrade, showcasing the increasing confidence in its future performance.

Analyst Ratings and Price Target Changes

Several significant shifts in price targets have been noted recently. For instance, Benchmark upgraded AMD, raising the price target from $170 to an impressive $210. This move reflects their sustained Buy rating, indicating strong expectations for AMD's share value growth.

Frontdoor's New Target

Oppenheimer has boosted the price target for Frontdoor, Inc. (NASDAQ: FTDR) from $56 to $63. The company continues to hold an Outperform rating as it closed at $56.16.

Gartner's Downgrade

Conversely, Gartner, Inc. (NYSE: IT) experienced a decrease in its price target by UBS from $480 down to $270. The stock has seen a downgrade from Buy to Neutral, closing at $243.93.

Toast Inc's Positive Trends

On a more positive note, Needham raised their price target for Toast, Inc. (NYSE: TOST) from $50 to $60 while maintaining a Buy rating. As it closed at $47.71, analysts remain optimistic about the company's growth prospects.

Other Notable Analyst Predictions

HC Wainwright & Co. adjusted Cardiff Oncology, Inc.'s (NASDAQ: CRDF) price target down from $18 to $10, still keeping a Buy rating. The stock reached $2.57 at close, emphasizing the market's volatility.

Additionally, Keefe, Bruyette & Woods lowered Shift4 Payments, Inc.'s (NYSE: FOUR) price target from $110 to $100, reaffirming a Market Perform rating. The shares traded at $86.43.

JP Morgan adjusted Driven Brands Holdings Inc. (NASDAQ: DRVN) price target up to $23 from $17 as they upgraded the stock from Neutral to Overweight. The shares closed at $17.33.

B of A Securities also raised Caterpillar Inc.'s (NYSE: CAT) price target from $460 to $495. They maintained a Buy rating, and Caterpillar's shares closed at $434.23.

Outlook on Arista Networks and Vivid Seats

Needham has revised Arista Networks Inc.'s (NYSE: ANET) price target up from $130 to $155, with a sustained Buy rating. Shares closed at $118.12, indicating confidence in long-term growth.

Canaccord Genuity drastically reduced the price target for Vivid Seats Inc. (NASDAQ: SEAT) from $80 to $23, downgrading the stock from Buy to Hold, as it remains at $1.02.

Investing Insights: AMD and the Market

If you are considering the potential of AMD stock, the analyst moves present a compelling narrative of growth. With price targets being adjusted upwards, this trend could signify strong confidence in AMD's innovation and market positioning. Investors looking for opportunities may find AMD, along with other highlighted stocks, an intriguing addition to their portfolios.

Frequently Asked Questions

What recent changes did analysts make to AMD's price target?

Benchmark raised AMD's price target from $170 to $210, maintaining a Buy rating on the stock.

What are the implications of the increase for AMD?

The increased price target suggests analysts expect higher future earnings and growth potential for AMD.

Which company saw a notable downgrade, and what were the specifics?

Gartner, Inc. experienced a target cut from $480 to $270 and was downgraded from Buy to Neutral.

How has Frontdoor, Inc. performed in recent ratings?

Frontdoor's price target was increased from $56 to $63, maintaining a strong Outperform rating.

What factors contribute to analysts' ratings for companies?

Analysts consider various factors including financial results, market trends, and product innovations when assessing company ratings.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.