Piper Sandler: Reaffirms "Overweight" Rating on AMD (AMD.US) with $110 Price Target
智通财经网2021-06-21
Zhitong Finance APP learned that Piper Sandler analyst Harsh Kumar released a research report reiterating his
AMD(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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
