![]() Lipacis further cited the potential for further share gains and revenue growth to come from the launch of AMD's more affordable Ryzen 3 processors later this year, noting they believe the company is still "in the early innings of its multi-year turnaround story."Īnd AMD received more love in a separate note today from Susquehenna's Christopher Rolland, who maintained his own neutral rating on the stock but similarly increased his per-share price target to $12 from $9. ![]() To justify his bullishness, Lipacis noted AMD's Ryzen 7 (which was launched on March 2, 2017) and Ryzen 5 (which will be available on April 11, 2017) processors should help the company take significant market share considering they offer comparable performance and more attractive pricing than similar chips from Intel. First, Jefferies analyst Mark Lipacis reiterated his buy rating on AMD stock, but also increased his per-share price target to $16 from $13. Shares of AMD climbed more than 7% as two optimistic analysts chimed in regarding the prospects of the company's new Ryzen 7 chips. Let's take a closer look at what drove these unusual moves. ( SNAP 2.70%), and NVIDIA ( NVDA 2.10%) were among those stocks that delivered outsized gains today. But amid a flurry of encouraging analyst notes, there were a few individual companies that managed to buck the trend, and shares of Advanced Micro Devices ( AMD 1.22%), Snap Inc. After a strong showing late last week as the Federal Reserve opted to increase interest rates, the stock market was mostly flat on Monday, with major indexes fluctuating between positive and negative territory.
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