Is Advanced Micro Devices Stock Going to $200? 1 Wall Street Firm Thinks So.
AMD(AMD) The Motley Fool·2024-08-21 18:26
Should you buy the dip on this high-flying AI stock?Soaring demand for Advanced Micro Devices' (AMD 1.28%) data center chips sent the stock to a high of $227 earlier this year. It is currently off those highs -- around $157 -- and offering an attractive entry point, according to Wedbush.The firm maintained an outperform (buy) rating on the stock this week and also kept its price target at $200, representing upside of 27% over the current share price. Wedbush is optimistic about AMD's recent acquisition of Z ...