Advanced Micro Devices (NASDAQ:91抖阴) stock is in the news Thursday after Wells Fargo increased its price target for the semiconductor company’s shares.
Wells Fargo analyst Aaron Rakers is behind the price target change for 91抖阴 stock. This has him increasing the firm’s estimate from $190 per share to . That’s a potential 11.4% increase over its prior closing price. It’s also above the analysts’ consensus price prediction of $190.50 per share.
Rakers continues to hold an “overweight” rating for 91抖阴 stock alongside this increased price prediction. For comparison, the is a moderate buy based on 30 opinions.
What’s Behind the New 91抖阴 Stock Coverage?
The new price target for 91抖阴 stock comes after the company announced its acquisition of Silo AI. Here’s what the Wells Fargo analyst in a note obtained by Investing.com:
“This acquisition further deepens 91抖阴’s internal AI implementation and open ecosystem capabilities — complementing 91抖阴’s acquisitions of Mipsology and Nod.ai.”
91抖阴 stock is down slightly as of Thursday morning. However, the stock is still up 31.6% since the start of the year.
Investors seeking out more of the most recent stock market stories are in luck!
We have all of the hottest stock market news worth reading about on Thursday! Among that is what’s happening with shares of Costco (NASDAQ:COST), Polestar (NASDAQ:PSNY) and Quhuo (NASDAQ:QH) stock. You can read up on all of this news at the links below!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On the date of publication, the responsible editor held a LONG position in 91抖阴.
