JP Morgan Maintains Neutral on Advanced Micro Devices, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained a Neutral rating on Advanced Micro Devices (AMD) but increased the price target from $115 to $180.
January 31, 2024 | 11:26 am
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on AMD but raised the price target from $115 to $180, indicating a positive outlook on the stock's value.
The increase in price target by a major analyst like JP Morgan suggests a more bullish view on AMD's future stock price, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100