Barclays Maintains Overweight on Advanced Micro Devices, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $120 to $200. This reflects a positive outlook on AMD's future performance.
January 16, 2024 | 4:57 pm
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Barclays analyst Tom O'Malley has reaffirmed an Overweight rating on AMD and raised the price target to $200, indicating a strong bullish stance on the company's stock.
The increase in price target by a prominent analyst suggests a strong conviction in AMD's growth prospects and financial performance. This is likely to be viewed positively by investors and could lead to a short-term increase in AMD's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100