Cantor Fitzgerald Reiterates Overweight on Advanced Micro Devices, Maintains $190 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse has reiterated an Overweight rating on Advanced Micro Devices (AMD) and maintained a $190 price target for the stock.
January 31, 2024 | 5:58 pm
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Cantor Fitzgerald analyst C J Muse reaffirmed an Overweight rating on AMD with a steady price target of $190, indicating a positive outlook for the stock.
The reiteration of an Overweight rating by a reputable analyst firm like Cantor Fitzgerald suggests a strong conviction in AMD's future performance. The maintained price target of $190, which is significantly higher than the current trading price, indicates an expectation of substantial growth. This positive analyst coverage is likely to instill confidence in investors and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100