Barclays analyst Tom O’Malley raised the firm’s price target on AMD to $235 from $200 and keeps an Overweight rating on the shares. December client MPU shipments came in stronger than expected, but is leading to a meaningful reset in March, the analyst tells investors in a research note. For the full year the firm sees mid-single-digit growth in client MPU and mid-single-digit declines in server, with AMD continuing to gain share in both markets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMD:
- Notable open interest changes for March 1st
- Advanced Micro Devices call buyer realizes 83% same-day gains
- AMD (NASDAQ:AMD) Stock Crosses $300B Market Cap
- Microsoft partners with AMD, Nvidia, Intel to improve upscaling support for game
- AMD to Present at the Morgan Stanley Technology, Media and Telecom Conference