Keybanc Maintains Overweight on Advanced Micro Devices, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $170 to $195. This adjustment reflects a positive outlook on AMD's stock, suggesting potential upside from the current market price.
January 16, 2024 | 9:29 am
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Keybanc analyst John Vinh has reaffirmed an Overweight rating on AMD and raised the price target to $195, indicating a bullish stance on the company's future stock performance.
The increase in price target by a reputable analyst typically signals confidence in the company's prospects and can positively influence investor sentiment. As a result, AMD's stock price may experience upward pressure in the short term due to this optimistic outlook.
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