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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100