Advanced Micro Devices Inc (AMD)

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Raymond James Initiates Coverage on Advanced Micro Devices (AMD)
By: MarketBeat | April 15, 2021

• Raymond James assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set an "outperform" rating and a $100.00 price target on the semiconductor manufacturer's stock. Raymond James' target price suggests a potential upside of 27.31% from the company's current price.

Several other analysts also recently commented on AMD. Rosenblatt Securities boosted their target price on shares of Advanced Micro Devices from $120.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, January 27th. BMO Capital Markets downgraded shares of Advanced Micro Devices from a "market perform" rating to an "underperform" rating and decreased their target price for the stock from $80.00 to $75.00 in a research report on Thursday, January 14th. Craig Hallum boosted their price objective on shares of Advanced Micro Devices from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, January 27th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $102.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, January 27th. Finally, New Street Research restated a "sell" rating and issued a $70.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, March 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of "Buy" and a consensus target price of $90.69.

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