Advanced Micro Devices Earns A Strong Buy From Vetr Crowd

The Vetr crowd upgraded their rating for Advanced Micro Devices, Inc. AMD from 3 stars (Hold), issued two days ago, to 5 stars (Strong Buy). Crowd confidence in AMD is mixed, but edging cautious with 59 percent of user ratings bearish.

AMD has seen a bit of a drop off over the last week of 2016. The fall started on Wednesday, where the price dropped nearly a dollar after market open. Since then, the price has fallen more than 8 percent. By Thursday's market close, the price slowly crept up and ended the day at $11.59.

Despite this, AMD is set to ended the year strong. In December, the company received a slew of analyst upgrades from Bank of America and Mizuho, who appraised the stock at a Buy.

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Currently, the Vetr crowd's average target price for the stock is up at $13.88, which is above the average analyst target price of $7.73. More than 2 percent of Vetr users are holding $AMD in their watch lists.