Raymond James Maintains Outperform on Advanced Micro Devices, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Advanced Micro Devices (AMD) but reduced the price target from $195 to $180.

January 31, 2024 | 1:24 pm
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Raymond James has maintained an Outperform rating on AMD, indicating a positive outlook, but lowered the price target from $195 to $180, suggesting a tempered but still optimistic valuation.
While the Outperform rating reaffirms confidence in AMD's prospects, the reduction in price target may reflect a more cautious view of the company's near-term growth potential or market conditions. This mixed signal could lead to a neutral short-term impact on the stock as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100