Arete Raises AMD Price Target to $612 as Shares Fall 5.95%

Arete lifted its AMD stock target to $612 from $540 on Oct. 16, a new valuation marker that coincided with a 5.95% decline in the shares that session. AMD closed at $528.75, down $33.48, at 4 p.m. ET (20:00 UTC) Friday, Oct. 16. The target applies to the company’s listed common stock. AMDUSDT, a Binance perpetual derivative settled in USDT, is a separate instrument designed to track AMD stock. It trades around the clock, so its trading schedule differs from the regular-session close used for AMD shares. The analyst target is for AMD common stock, not the derivative. AMD reported $11.5 billion in revenue for its fiscal second quarter, which ended June 27. Its Data Center business generated $6.7 billion, up 107% from a year earlier.

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