Shares of Advanced Micro Devices (NASDAQ: AMD) rose 6.2% on Wednesday, following an analyst upgrade.
Goldman Sachs analyst Toshiya Hari raised his rating on AMD's stock from neutral to "conviction buy" and boosted his price forecast from $84 to $96. Hari's new target price represents potential gains to investors of roughly 18%, compared to the stock's closing price of $81.35 on Wednesday.
Goldman Sachs analysts see plenty of upside for Advanced Micro Devices' stock. Image source: Getty Images.
Source Fool.com