Roth MKM Maintains Buy on Advanced Micro Devices, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on Advanced Micro Devices (AMD) but lowers the price target from $190 to $180.

May 01, 2024 | 4:34 pm
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Roth MKM maintains a Buy rating on AMD, with a reduced price target from $190 to $180.
The adjustment in price target by Roth MKM reflects a slight moderation in their short-term outlook for AMD, possibly due to market conditions or AMD's performance metrics. However, maintaining a Buy rating indicates a continued positive long-term view on the company's prospects. The impact on AMD's stock price in the short term is likely neutral, as the reduction in the price target is relatively modest and is balanced by the reaffirmation of the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100