Mmmm… time to switch over to AMD? Price vs Performance is look much better than Intel.
Analyst Kevin Cassidy, responsible for AMD shares rating with Stifel, has revised expected AMD growth in the wake of expected (and already verified) PC market growth. Following the news at the end of last week,
AMD shares jumped by 5% on Friday, and increased by another 2% on Monday. This marks an increase of 61.3% YTD (year-to-date.) Looking at this trend, the analyst increased his 12-month price target on the stock to $21 from $17, a nearly 27% upside from Monday close.