Advanced Micro Devices Stock Has 12% Upside, According to 1 Wall Street Analyst
Shares of Advanced Micro Devices (NASDAQ: AMD) have climbed 159% over the last 12 months, as demand for its data center chips is booming. One analyst doesn't expect the stock's run to end just yet.
On Thursday, analysts at Mizuho Securities maintained a buy rating on the stock and raised the near-term price target to $235 from $200. The new price target is 12% above AMD's current share price of $211 per share.
Here's why the stock could hit new highs in 2024.
Source Fool.com