AMD shares are trading higher after Raymond James maintained a Strong Buy on the stock and raised its price target from $125 to $140.
Portfolio Pulse from Benzinga Newsdesk
AMD's stock price is on the rise following an endorsement from Raymond James, which maintained a Strong Buy rating and increased the price target from $125 to $140.
December 07, 2023 | 1:52 pm
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POSITIVE IMPACT
Raymond James 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 firm like Raymond James typically signals confidence in the company's future performance and can lead to increased investor interest and a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100