AMD: shares rise after Wedbush initiates with 'outperform'
(CercleFinance.com) - Shares of AMD are up over 3% at 30.
7 dollars on Thursday after Wedbush Securities initiated its coverage of the stock with an "outperform" rating.
In a note to clients, the broker says it views AMD's reemergence in central processing units (CPUs) and graphics processing units (GPUs) as "one of the likely major shifts" in both the PC and data center markets over the next few years.
Given its optimistic outlook, Wedbush has set its target price on the share at 35 dollars, representing 21% upside potential.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 dollars on Thursday after Wedbush Securities initiated its coverage of the stock with an "outperform" rating.
In a note to clients, the broker says it views AMD's reemergence in central processing units (CPUs) and graphics processing units (GPUs) as "one of the likely major shifts" in both the PC and data center markets over the next few years.
Given its optimistic outlook, Wedbush has set its target price on the share at 35 dollars, representing 21% upside potential.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.