Zhitong Finance APP learned that Piper Sandler analyst Harsh Kumar released a research report reiterating hisAMD(AMD.US) has an "Overweight" rating and a $110 price target. After speaking with AMD's management, the analyst was confident about the factors driving the company's performance growth and positioning in the competition in the market.
The analyst said he was bullish on AMD's development in the field of corporate servers, personal computers and laptops. While the stock has underperformed the semiconductor industry index by about 18% this year, "we don't think the current level is the ultimate performance of the stock," Kumar said.
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