Wells Fargo Maintains Overweight on Advanced Micro Devices, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $165 to $190.
January 31, 2024 | 3:12 pm
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POSITIVE IMPACT
Wells Fargo analyst Aaron Rakers reaffirms an Overweight rating on AMD and raises the price target to $190, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Aaron Rakers suggests a strong conviction in AMD's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in AMD's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100