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[TheStreet] Advanced Micro Devices (AMD) Stock Gains, Upgraded at Canaccord

post #1 of 86
Thread Starter 
Source
Quote:
The firm hiked its price target to $6 from $3.25 on shares of the Sunnyvale, CA-based semiconductor company.

Canaccord is impressed with the new management team and estimates that modest market share recovery in core markets should yield "material upside" to consensus and a "quick recovery to solid profitability given lower expense levels necessitated by the company's recent struggles."

"Following a fresh and open-minded review of AMD's forward prospects, we believe risk/reward remains unbalanced to the upside despite the recent stock move," Canccord concluded.




The stock closed at a new 52-week high of $4.75 today.
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post #2 of 86
So nice to see...

GO AMD!!!
post #3 of 86
Kicking myself for not buying when it was 2 bucks.
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post #4 of 86
Thread Starter 
Quote:
Originally Posted by Norz View Post

So nice to see...

GO AMD!!!

Actually, AMD and Nvidia have both been hitting new 52-week highs. Canaccord also boosted Nvidia's stock price target to $55 from $45 today (Nvidia closed at $47.55). Both stocks prices are inflated. Lets see how long it takes for the market to correct itself wink.gif
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post #5 of 86
Nah, just buy some...they will go higher smile.gif
post #6 of 86
Quote:
Originally Posted by shredded View Post

Kicking myself for not buying when it was 2 bucks.

Same here. I got in at a little over $3 though
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post #7 of 86
Relax boys, shorts will do what they do best and AMD will get back to 3.90$ in no time after Polaris, it wont be until the Q financial release when it'll go back up to new highs.

Y'all should not miss that window.

I'm shorting ENDP atm with the sole purpose of stacking money for a long position on AMD on that Re-Entering window thumb.gif
post #8 of 86
I wish I could buy AMD stocks = easy Buggatti! doh.gif
 
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post #9 of 86
Awesome stuff!
post #10 of 86
Nice I got some at $2.39.... may a few k... thumb.gifthumb.gif
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