Truist Securities Maintains Hold on Advanced Micro Devices, Raises Price Target to $174-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Hold rating on Advanced Micro Devices (NASDAQ:AMD) and increased the price target from $154 to $174 as reported on January 30, 2024.
January 31, 2024 | 6:37 pm
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Truist Securities analyst William Stein maintains a Hold rating on AMD but raises the price target from $154 to $174, indicating a positive outlook on the stock's value.
The increase in price target from $154 to $174 by Truist Securities suggests that the analyst sees potential for the stock to rise in value, which could positively influence investor sentiment and the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum or catalysts that would lead to a strong buy recommendation at this time.
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IMPORTANCE 75
RELEVANCE 100