Is Advanced Micro Devices Now A Buy? Vetr Crowd Cannot Reach Agreement

Shares of Advanced Micro Devices, Inc. AMD have gained almost 55 percent since the year started, and 25 percent in the last month alone. However, the crowd seems to believe the rally will continue.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

On Wednesday, the Vetr community decided upgraded its rating on shares of Advanced Micro Devices, from 2.5 Stars (Sell) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

The new rating seems more aligned with the crowd’s average target price of $4.77, which implies an upside potential of more than 8 percent from current valuations.

However, it should be noted that 83 percent of the crowd’s rating are bearish, meaning that the crowd as a whole is not as optimistic as the new rating would suggest. In fact, the crowd’s average price target was pushed up considerably by a recent (outlier) rating, which set a target of $6.57 for the stock. Check out a chart here to better understand the distribution of the ratings.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.