Northland Capital Markets Upgrades Advanced Micro Devices to Outperform, Announces $195 Price Target
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Gus Richard upgraded Advanced Micro Devices (AMD) from Market Perform to Outperform and set a price target of $195.
January 31, 2024 | 2:44 pm
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Northland Capital Markets upgraded AMD's rating to Outperform and set a price target of $195, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $195 is significantly higher than the current trading price, indicating a strong vote of confidence in AMD's potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100