NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) - Get Report are rising by 1.79% to $4.55 in pre-market trading on Tuesday, as MKM Partners raised its price target on the stock to $5 from $4.

The firm has a "buy" rating on the Sunnyvale, CA-based semiconductor company.

"GPU (graphics processing units) suppliers continue to benefit from strong core gaming plus emerging applications for new GPU processing," MKM wrote in an analyst note.

NVIDIA(NVDA) and Advanced Micro Devices both need to execute on major gaming product transitions in the coming weeks, the firm added.

But, "AMD's potential for a smooth transition is more obvious given stable legacy product pricing/ availability and less dramatic innovations (prior experience implementing high-bandwidth memory)," the firm said.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on AMD stock.

This is driven by a few notable weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.

The area that the team believes has been the company's primary weakness has been its declining revenues.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AMD