Investing.com - Yet another Wall Street firm has raised its stock price target for AMD.
Cowen & Company upped its forecast about 20% to $25 a share, having met with the company's CEO, following the firm's blockbuster earnings last week.
Based on bullish comments from the CEO and other factors, Cowen says AMD will report better-than-expected profits in 2019.
Cowen says AMD CEO Lisa Su said the chipmaker "is just getting started," in terms of gaining market share.
Cowen expects the chipmaker to "benefit from substantial share gain opportunities" in the PC and data center CPU markets.
Argus, Jefferies, Stifel, Mizuho and CFRA Research all raised their price forecasts in the past week.
AMD shares are up about 40% in the past 12 months.
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