Mizuho Maintains Buy on Advanced Micro Devices, Raises Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Advanced Micro Devices (NASDAQ:AMD) and increased the price target from $130 to $162.
January 05, 2024 | 6:46 pm
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Mizuho analyst Vijay Rakesh has reiterated a Buy rating on AMD and raised the price target to $162, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100