Is Advanced Micro Devices Stock Going to $230? Wall Street Analyst Think so
Sat, May 4, 2024 12:46 PM

Is Advanced Micro Devices Stock Going to $230? Wall Street Analyst Think so

A Flip by Avya Verma
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Shares of Advanced Micro Devices (NASDAQ: AMD) have sold off following the company's first-quarter earnings announcement on April 30. The company's revenue was consistent with expectations, but investors were looking for a stronger outlook for the data center business. KeyBanc analyst John Vinh lowered his price target on the shares from $270 to $230.

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