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‘Time to Hit Buy,’ Says Analyst About AMD Stock

by Market News Data

From TipRanks: 2024-06-16 20:05:27

Advanced Micro Devices (NASDAQ:AMD) shares have fallen 24.5% from their all-time high due to concerns over AI expectations and disappointing Q1 earnings. Analyst Logan Purk believes AMD is poised for growth as the only alternative to NVIDIA in data centers, with potential for cross-selling opportunities from Xilinx acquisition. Shares are deemed attractively valued. Street consensus target price is $191.03, implying 20% upside. Most analysts rate AMD a Strong Buy.



Read more at TipRanks: ‘Time to Hit Buy,’ Says Analyst About AMD Stock

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