Raymond James Maintains Strong Buy on Advanced Micro Devices, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed a Strong Buy rating on Advanced Micro Devices (AMD) and increased the price target from $140 to $190, indicating a positive outlook on the company's stock.
January 19, 2024 | 3:40 pm
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Raymond James analyst Srini Pajjuri has upgraded the price target for AMD from $140 to $190 while maintaining a Strong Buy rating, suggesting confidence in AMD's growth prospects.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term. The Strong Buy rating reaffirms the analyst's positive view on the company's future performance.
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IMPORTANCE 90
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