Cowen raises price forecast on red hot AMD after CEO tells analyst the chipmaker is ‘just getting started’

Cowen raises price forecast on red hot AMD after CEO tells analyst the chipmaker is ‘just getting started’

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/07/30/cowen-raises-amd-price-forecast-on-ceo-saying-chipmaker-is-just-getti.html

Cowen is more optimistic on AMD's future gains in the server chip market after meetings with the company's chief executive.

The firm raised its price target for AMD shares to $25 from $21, predicting the chipmaker will report better-than-expected profits in 2019. The stock closed at $18.94 Friday.