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After closing on Monday,AMDShares of AMD reached $34.39, up 3.55%, a new 52-week high. AMD shares fell sharply in early October after breaking through $32 at the end of September, and fell below $20 at the low point. However, AMD shares have continued to rise this year, up 86% so far. 。
Hans Mosesmann, an analyst at Rosenblatt Securities, also reported last night that he was bullish on AMD's share price. "We think AMD is in the early stages of a large product cycle," he said, reiterating AMD's buying rating. The target stock price is $42, which still has more than 20% room to rise than the current stock price.