Citigroup Maintains Buy on Advanced Micro Devices, Raises Price Target to $192
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely has reaffirmed a Buy rating on Advanced Micro Devices (NASDAQ:AMD) and increased the price target from $136 to $192, indicating a positive outlook on the company's stock.
January 31, 2024 | 11:27 am
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Citigroup analyst Christopher Danely maintains a Buy rating on AMD and raises the price target from $136 to $192, suggesting a bullish stance on the stock's future performance.
The increase in price target by Citigroup is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. As the price target is significantly higher than the previous one, it suggests that Citigroup has a very optimistic view of AMD's future earnings and market performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100