AMD stock excluded from buy consideration due to high valuation
AMD Advanced Micro Devices Inc
$516.79 +1.74%
View chart & analysis → - 1Kitten Drury argues that AMD stock is currently too expensive to buy.
- 2The stock is trading at a price-to-earnings ratio of 130 times AMD's earnings.
- 3AMD's forward earnings multiple of 67 times is much higher than past valuations.
So what's the key point?
An expert says AMD stock is too expensive to buy right now. The stock price is 130 times higher than the company's earnings, which is a heavy burden.
Source The Motley Fool +1 · View original ↗
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