Raymond James Maintains Strong Buy on Advanced Micro Devices, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed a Strong Buy rating on Advanced Micro Devices (NASDAQ:AMD) and increased the price target from $125 to $140.

December 07, 2023 | 12:43 pm
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Raymond James analyst Srini Pajjuri has reaffirmed a Strong Buy rating on AMD and raised the price target to $140, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the company's fundamentals or market position may have improved or are expected to improve. This can lead to increased investor confidence and potential short-term price appreciation.
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