Mizuho raised the firm’s price target on AMD to $235 from $200 and keeps a Buy rating on the shares. The analyst is taking a longer-term look at the artificial intelligence and custom silicon landscape. The firm cites positive AI custom silicon and ethernet tailwinds for the target increase. It sees further multiple expansion with multiple catalysts ahead.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMD:
- AMD extends FPGA portfolio with AMD Spartan UltraScale+ family
- AMD Extends Market-Leading FPGA Portfolio with AMD Spartan UltraScale+ Family Built for Cost-Sensitive Edge Applications
- AMD’s (NASDAQ:AMD) China Focused AI Chip Hits Roadblock
- AMD will need export license for made-for-China chips, Bloomberg reports
- AMD Hires Thomas Zacharia to Expand Strategic AI Relationships
