Think Again, Think Ahead: Advanced Micro Devices, Inc. (AMD), Paychex, Inc. (PAYX)

Advanced Micro Devices, Inc. (AMD) rose 15.78% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 67.01% and is now up by 6.93% since start of this year. A look at its monthly performance shows that the stock has recorded a -1.25% fall over the past 30 days. Its equity price dipped by -27.53% over the past three months which led to its overall six-month increase to stand at 21.33%.

Experts from research firms are bullish about the near-term performance of Advanced Micro Devices, Inc. with most of them predicting a $23.95 price target on a short-term (12 months) basis. The average price target by the analysts will see a 21.33% rise in the stock and would lead to AMD’s market cap to surge to $23.72B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 31 analysts that track Advanced Micro Devices, Inc. (NASDAQ:AMD) and find out that 16 of them rated it as a Hold. 12 of the 15 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at AMD technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.54 point. Its trading volume has added 115000000 shares compared to readings over the past three months as it recently exchanged 115266946 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 107460 shares, and this is 1072.65 times the normal volume.

Analysts have predicted a price target for Paychex, Inc. (PAYX) for 1 year and it stands at an average $72.58/share. This means that it would likely increase by 7.67% from its current position. The current price of the stock has been moving between $66.01 and $67.45. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $58. On the other hand, one analyst is super bullish about the price, setting a target as high as $82.

Analysts view Paychex, Inc. (NASDAQ:PAYX) as a Sell, with 3 consensus rating. Reuters surveyed 21 analysts that follow PAYX and found that 17 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Paychex, Inc. (PAYX) shares or sell it if they already own it.