Erste Group analyst Stephan Lingnau upgraded AMD (AMD) to Buy from Hold. The shares should move higher given the company’s good growth prospects, the analyst tells investors in a research note. The firm sees AMD benefiting from increasing demand for high-performance central processing units and graphic processing units in data centers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on AMD:
- AMD upgraded to Buy from Hold at Erste Group
- FuriosaAI Takes Its First Step to Challenge Nvidia’s (NVDA) AI Chip Dominance
- BMNR, COIN, XYZ: Cathie Wood Bets $174M on Ethereum’s BMNR, Trims Bitcoin Giants
- Netflix downgraded, Intel initiated: Wall Street’s top analyst calls
- AMD Stock Rallies as Bernstein Analyst Raises Price Target