Analysts have been eager to weigh in on the Technology sector with new ratings on Advanced Micro Devices (AMD) and Ribbon Communications (RBBN).
Advanced Micro Devices (AMD)
In a report released today, Gus Richard from Northland Securities maintained a Hold rating on Advanced Micro Devices, with a price target of $75.00. The company’s shares closed last Friday at $84.64.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 29.1% and a 73.7% success rate. Richard covers the Technology sector, focusing on stocks such as Power Integrations, Himax Technologies, and Enphase Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $90.50 average price target.
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Ribbon Communications (RBBN)
Northland Securities analyst Michael Latimore maintained a Buy rating on Ribbon Communications today and set a price target of $7.50. The company’s shares closed last Friday at $5.88, close to its 52-week high of $6.05.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 20.1% and a 60.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Limelight Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ribbon Communications with a $7.50 average price target.
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