B of A Securities Maintains Buy on Advanced Micro Devices, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has maintained a Buy rating on Advanced Micro Devices (AMD) and increased the price target from $165 to $195. This reflects a positive outlook on AMD's future performance.
January 29, 2024 | 3:54 pm
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B of A Securities analyst Vivek Arya has reaffirmed a Buy rating on AMD and raised the price target to $195, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future growth and profitability, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
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IMPORTANCE 85
RELEVANCE 100