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AMD stock price fell sharply yesterday after Barclays analyst Blayne Curtis downgraded to Equal Weight from Overweight with a $115.00 per share price target, down from $148.00.
“AMD still looks positioned to gain share this year in both the client and server markets, and while we do see upside to the 31% growth target this year, where we have an issue is for 2023, as we see cyclical risk across several end markets (PC, Gaming, and broad-based/XLNX),” Curtis said in a client note.
However, Mosesmann dismissed these concerns as:
“We are buyers,” Mosesmann concluded in an emphatic fashion.
AMD stock price is down 2.1% today.
By Senad Karaahmetovic
