stockpics/AMD/AMD company logo.png” style=”max-width:123px;margin:20px;float: left” title=”Analysts Offer Insights on Technology Companies: and Advanced Micro Devices (NASDAQ: AMD)”/>Analysts fell to the sidelines weighing in on and Advanced Micro Devices (stock-ticker” style=”color:blue;font-weight:bold”>AMD) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Advanced Micro Devices (AMD)
In a report issued on January 7, Rick Schafer from Oppenheimer maintained a Hold rating on Advanced Micro Devices. The company’s shares closed last Monday at $97.25, close to its 52-week high of $99.23.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 24.6% and a 79.2% success rate. Schafer covers the Technology sector, focusing on stocks such as Akoustis Technologies, NXP Semiconductors, and Skyworks Solutions.
Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $94.67, implying a 0.7% upside from current levels. In a report issued on October 12, Truist Financial also initiated coverage with a Hold rating on the stock with a $90.00 price target.
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