AMD Shares Rise Following GF Securities Price Target Increase Ahead of Q3 Earnings
Advanced Micro Devices (AMD) shares saw a 1.5% increase in premarket trading on Tuesday following an upgrade from GF Securities. The brokerage raised its price target for the semiconductor company to $720, signaling optimism despite upcoming quarterly reporting. GF Securities anticipates that AMD will deliver results in line with market expectations but cautioned that guidance for the current quarter might be conservative. Investors are closely watching the stock as it prepares to release its third-quarter financial results on November 3.
Tickers: $AMD
Topics: Analyst Rating Earnings Anticipation Stock Price Movement
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