Advanced Micro Devices Inc (AMD)

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Raymond James Initiates Coverage on Advanced Micro Devices
By: MarketBeat | April 24, 2021

Equities research analysts at Raymond James assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Wednesday, Benzinga reports. The brokerage set an "outperform" rating and a $100.00 price target on the semiconductor manufacturer's stock. Raymond James' price objective would suggest a potential upside of 26.15% from the stock's previous close.

Several other equities analysts also recently commented on AMD. Royal Bank of Canada boosted their price target on shares of Advanced Micro Devices from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Monday, January 25th. Mizuho boosted their price target 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. Northland Securities upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $96.00 price target for the company in a research note on Wednesday, March 31st. BMO Capital Markets downgraded shares of Advanced Micro Devices from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $80.00 to $75.00 in a research note on Thursday, January 14th. Finally, Barclays boosted their price target on shares of Advanced Micro Devices from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of "Buy" and an average target price of $90.69.

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