After Nomura and Merrill Lynch gave Advanced Micro Devices (NASDAQ: AMD) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Hans Mosesmann maintained a Buy rating on Advanced Micro Devices today and set a price target of $42. The company’s shares closed on Friday at $26.44.
Mosesmann commented:
“We pick off the more interesting themes that caught our attention.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 10.0% and a 54.5% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Lattice Semicon.
Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $30.76.
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The company has a one-year high of $34.14 and a one-year low of $13.26. Currently, Advanced Micro Devices has an average volume of 67.22M.
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Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing & Graphics and Enterprise, Embedded & Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units.
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