Piper Sandler Reiterates Overweight on Advanced Micro Devices, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has reiterated an Overweight rating on Advanced Micro Devices (AMD) but lowered the price target from $195 to $175.

May 01, 2024 | 1:34 pm
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Piper Sandler maintains an Overweight rating on AMD but reduces the price target from $195 to $175.
The adjustment in price target by Piper Sandler, while maintaining an Overweight rating, suggests a continued positive outlook on AMD but with a slightly tempered expectation for its stock price in the short term. This could lead to mixed reactions in the market, potentially stabilizing the stock price as investors digest the new target alongside the reaffirmed confidence in the company's prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100