Wells Fargo raised the firm’s price target on AMD (AMD) to $345 from $300 and keeps an Overweight rating on the shares. The firm notes the company has outlined a compelling, stronger-than-expected financial model framework at its Analyst Day – outlining a path to over $20/share.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD price target raised to $283 from $270 at Evercore ISI
- NVDA, AMD: U.S. Fund Managers Keep Betting on Leading Chipmakers, Says BofA
- ‘Don’t Bet Against AMD,’ Says Top Mizuho Analyst after Analyst Day
- Why AMD Doubled Its AI Data Market Forecast to $1T by 2030
- Closing Bell Movers: AMD up 5% after unveiling medium term targets