Cantor Keeps Overweight on AMD Despite Target Cut, Citing Strong AI Tailwinds
Market Intelligence Analysis
AI-PoweredCantor Fitzgerald has reduced its price target for AMD from $350 to $300 but maintains an Overweight rating, highlighting strong AI demand as a positive factor for the stock. This suggests confidence in AMD's long-term growth potential despite the target cut.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
Advanced Micro Devices, Inc. (NASDAQ:AMD) is included among the 12 Best Long Term US Stocks to Buy Now. On December 16, Cantor Fitzgerald cut its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $300 from $350 while keeping an Overweight rating on the stock. The firm says the semiconductor index is set up to […]
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