Advanced Micro Devices (AMD): New Buy Recommendation for This Technology Giant

Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Advanced Micro Devices (AMDResearch Report) today and set a price target of $200.00. The company’s shares closed today at $72.43.

Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Arteris. According to TipRanks, Mosesmann has an average return of 22.8% and a 66.94% success rate on recommended stocks.

In addition to Rosenblatt Securities, Advanced Micro Devices also received a Buy from Morgan Stanley’s Joseph Moore in a report issued today. However, on January 24, Bernstein downgraded Advanced Micro Devices (NASDAQ: AMD) to a Hold.

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AMD market cap is currently $121.6B and has a P/E ratio of 45.18.

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Founded in 1969, California-based Advanced Micro Devices, Inc. is America’s leading semiconductor company. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles.

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