Wall Street analyst sets AMD stock price target for 12 months

AMD shares hit a new all-time high, and Wells Fargo analyst Aaron Rakers indicated a further bullish 12-month outlook. The news reinforces positive momentum/positioning rather than introducing a new fundamental datapoint, suggesting a modest near-term tailwind for sentiment.

Analysis

AMD shares hit a new all-time high, and Wells Fargo analyst Aaron Rakers indicated a further bullish 12-month outlook. The news reinforces positive momentum/positioning rather than introducing a new fundamental datapoint, suggesting a modest near-term tailwind for sentiment.