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On August 2, 2023, JP Morgan maintained a Neutral rating for Advanced Micro Devices (NASDAQ:AMD), with an average one-year price target of $136.65—a 19.45% upside from its latest closing price of $114.40. Price forecasts range from a low of $60.60 to a high of $210.00.
Advanced Micro Devices is projected to report annual revenue of $25.22 billion, a 15.30% increase year-over-year. Institutional ownership has risen by 0.74% over the last three months, totaling 1,260,089K shares, with 3,139 funds reporting positions. Notably, Price T Rowe Associates increased its ownership in AMD by 52.87% to 55,228K shares.
The put/call ratio for AMD is currently at 0.97, indicating a bullish sentiment among investors.
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