CCantor AAMD · AMD
Cantor Fitzgerald Raises AMD Price Target to $700
Rating
Buy
Price target
$700
Previous
$500
Implied upside
+34%
Cantor Fitzgerald analyst C.J.
Muse raised the price target on AMD (NASDAQ: AMD) to $700.00 (from $500.00) while maintaining an Overweight rating.
“We believe AMD offers the greatest momentum in Compute, though we view both NVDA and AVGO as simply too inexpensive to ignore (despite funding shorts for HF’s).
On the other hand, recently debuted Compute play QCOM could revert back to a Smartphone story (at least near term) where we continue to see downside vs. consensus.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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