Morgan Stanley Maintains Overweight on Advanced Micro Devices, Raises Price Target to $193
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $128 to $193.
January 29, 2024 | 3:56 pm
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Morgan Stanley's analyst Joseph Moore has reiterated an Overweight rating on AMD and raised the price target to $193, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Joseph Moore suggests a strong conviction in AMD's future performance. This endorsement is likely to instill confidence in investors and could lead to a short-term increase in the stock price as the market reacts to the positive news.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100