Is AMD Stock Heading to $135?
Advanced Micro Devices (NASDAQ: AMD) recently received unconditional antitrust approval in the European Union for its $35 billion acquisition of Xilinx. AMD shares finished the week of June 28 up 10.6% and could be on the verge of heading to new highs.
Analyst Hans Mosesmann with Rosenblatt Securities has a $135 price target on the stock, representing more than 40% upside to AMD's price of $94 at the time of writing.
While Mosesmann's price target is the highest among Wall Street analysts covering the stock, AMD has clear catalysts on the horizon, including the closing of the Xilinx deal and a strong environment for PC sales that could push the shares higher in the second half of 2021.
Source Fool.com
