Advanced Micro Devices shares are trading higher after Raymond James maintained a Strong Buy and raised its price target from $140 to $190.
Portfolio Pulse from Benzinga Newsdesk
Shares of Advanced Micro Devices (AMD) are trading higher following an analyst update from Raymond James, which maintained a Strong Buy rating and increased the price target for AMD from $140 to $190.
January 19, 2024 | 4:17 pm
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POSITIVE IMPACT
Raymond James has reaffirmed its Strong Buy rating on AMD and raised the price target from $140 to $190, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst firm like Raymond James typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a rise in stock price in the short term as market participants adjust their valuations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100