AMD price target raised to $81 from $68 at Northland
The Fly

AMD price target raised to $81 from $68 at Northland

Northland analyst Gus Richard raised the firm’s price target on AMD to $81 from $68 and keeps a Market Perform rating on the shares. The firm believes AMD is shipping below demand and sees a robust second half snapback as likely. Though it trimmed estimates following last night’s report, Northland says it thinks "this is the final cut for the year."

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on AMD:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App