BMO Capital Maintains Outperform Rating for Advanced Micro Devices: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for Advanced Micro Devices (NASDAQ:AMD) and raised its price target from $110.00 to $150.00. AMD's shares are trading up 1.55% over the last 24 hours, at $126.47 per share.
June 14, 2023 | 5:00 pm
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BMO Capital maintains Outperform rating for AMD and raises price target to $150.00, a potential 18.61% increase from the current share price.
BMO Capital's decision to maintain its Outperform rating and raise the price target for AMD is a positive signal for the stock. This indicates that the analyst believes AMD's performance will continue to be strong and that the stock has the potential to reach the new price target of $150.00, an 18.61% increase from the current share price. As a result, this news is likely to have a positive short-term impact on AMD's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100