Why Advanced Micro Devices Stock Just Bounced Back
AMD stock is cheaper than it looks -- and Goldman Sachs just noticed.
Overview
Advanced Micro Devices (NASDAQ: AMD) stock jumped 8.3% through 10 a.m. ET Monday, but the catalyst that sparked the move looks rather tenuous.
As StreetInsider.com reports today, Goldman Sachs analyst James Schneider raised his price target on AMD stock to $640 this morning, and that's really all the detail anyone has on the raise -- that it happened.
Image source: AMD.
Details
Source
Originally published at www.fool.com.
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