Analyst upgrades AMD stock price target for the next 12 months

KeyBanc’s Jon Vinh raised his 12-month forecast for Advanced Micro Devices (NASDAQ: AMD) stock on January 13 to $270, meaning he now expects a 26.84% rally from the equity’s press time price of $212.86: a welcome turn should it come, considering the chipmaker’s stock declined 0.61% since New Year’s Day.AMD stock YTD price chart. Source: FinboldSimultaneously, the Wall Street expert revised his previous ‘sector weight’ – ‘Hold’ – to ‘overweight’ – ‘Buy’ – rating, while citing a series of internal and externa ...