10 Best Fundamentally Strong Stocks to Buy

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

5-Year Revenue Growth: ~29.9%

5-Year Diluted EPS Growth: ~22.2%

Number of Hedge Fund Holders: 113

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Fundamentally Strong Stocks to Buy. On November 12, Evercore ISI analyst Mark Lipacis lifted the price target on the company’s stock to $283 from $270, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, the firm was incrementally positive towards the company after its analyst day.

Notably, Advanced Micro Devices, Inc. (NASDAQ:AMD) detailed a transformative long-term financial model on the basis of its strategic financial priorities. These include acceleration of revenue growth, delivering strong profitability expansion, as well as allocating capital to fuel AI leadership. Advanced Micro Devices, Inc. (NASDAQ:AMD) outlined its growth targets for the next 3-5 years, with the company expecting to witness over 35% revenue CAGR, a non-GAAP operating margin of over 35%, and non-GAAP EPS surpassing $20.

In a separate release, on November 12, Harlan Sur from J.P. Morgan maintained a “Hold” rating on the company’s stock with a price objective of $270.00. As per the analyst, while Advanced Micro Devices, Inc. (NASDAQ:AMD) remains well-placed to capture market share throughout several sectors, mainly with the growth in AI-driven demand, there are some worries related to the sustainability of such growth.