- Cowen starts Advanced Micro Devices (NASDAQ:AMD) at Outperform with an $18 price target, a 40% upside to yesterday ’s close.
- Analyst Matthew Ramsay expects a 2H inflection of server sales “when OEM sales should complement cloud growth” and says the firm is “confident in the impressive roster of cloud and OEM engagements.”
- AMD shares are up 2.7% premarket to $13.17.
Cowen initiates AMD at 40% upside; shares +2.7%
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Symbol | Last Price | % Chg |
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AMD | - | - |
Advanced Micro Devices, Inc. |