ATLAS News · Markets
The Globe and Mail reports AMD gained 5.9% after Bank of America raised its price target on the chipmaker to $700. Benzinga also covered the move.
The Globe and Mail reports that Advanced Micro Devices (AMD) jumped 5.9% in the Nov. 12 market session. The move followed a decision by Bank of America to raise its price target on the stock to $700.
Benzinga also published a piece on the day after, asking what was going on with AMD stock. The sources provided do not detail the reasoning behind the analyst's revised target.
Analyst price targets are estimates published by brokerages and banks, and changes to them are often followed by investors as one input among many.
A target increase from a major bank can draw attention to a stock, which is why the move is relevant to those following AMD and the broader chip sector.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
live price · USD
Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.
Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.
S&P 500 (SPY): 757.12 (−0.35%) · November 12
Nasdaq-100 (QQQ): 688.17 (−0.32%) · November 12
Dow Jones (DIA): 522.47 (−0.38%) · November 12
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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