UBS Maintains Buy on Advanced Micro Devices, Raises Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has maintained a Buy rating on Advanced Micro Devices (AMD) and increased the price target from $135 to $220.
January 25, 2024 | 7:41 pm
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UBS analyst Timothy Arcuri reaffirmed a Buy rating on AMD and raised the price target significantly from $135 to $220.
The increase in price target by a reputable analyst like Timothy Arcuri from UBS is a strong positive signal for AMD, suggesting a bullish outlook on the stock's future performance. This could lead to increased investor confidence and a potential short-term rise in AMD's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100